" ITREALMS: PaySend, Access Bank enter deal to extend African FinTech frontier

Friday, March 23, 2018

PaySend, Access Bank enter deal to extend African FinTech frontier

Reputed card-to-card payments disrupter, PaySend has entered a new partnership with Access Bank Nigeria Plc in furtherance of its new generation mode of money transfers to the African markets, reports ITRealms.

PaySend, ITRealms gathered is rapidly expanding business with footprint in over 60 countries and is boosting presence across Africa with the latest.

Affirming this, the Chief Executive Officer, PaySend, Ronald Millar, expressed delight over the partnership with Access Bank Nigeria.

“To have reached over 60 countries in such a short time is excellent and we look forward to a long and fruitful partnership. Nigeria is one of our first African partners, and we definitely see great potential in the region,” Millar said.

ITRealms gathered that Access Bank, which has over 368 branches and service outlets across Nigeria, sub Saharan Africa, the United Kingdom and Dubai, promises to deliver sustainable economic growth that is profitable, environmentally responsible and socially relevant.

Responding, the Executive Director at Access Bank Nigeria, Victor Etuokwu noted that accessibility is important in “our business and we see this partnership as vital to connecting our customers to their increasingly globalised network, whether they be business contacts, friends or family.”

At present, he said, PaySend’s technology works for all Visa, Mastercard and Verve cards issued by Access Bank in Nigeria, but the company wants to go further.

“We are working together with Access Bank to expand our coverage across the country, and into other African countries to develop a broader offering in the region” Millar further said.

The company has big plans for 2018, and is keen to build partnerships with local banks in all major African destinations.

ITRealms recalls that PaySend made its debut as a next generation money transfers company 12 months ago and has created a global network through the major card schemes, comprising Visa, Mastercard, UnionPay, local domestic payment systems; thus allowing its customers to send money from card-to-card.

Chuks Egbune/GEE

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