{"id":141408,"date":"2022-11-14T09:00:00","date_gmt":"2022-11-14T13:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-paysend-introduces-paysend-libre-a-remittance-solution-aimed-at-driving-financial-inclusion-in-northern-central-america\/"},"modified":"2022-11-14T10:10:14","modified_gmt":"2022-11-14T14:10:14","slug":"paysend-presenta-paysend-libre-una-solucion-de-remesas-destinada-a-impulsar-inclusion-financiera-en-la-region-norte-de-centroamerica","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/paysend-presenta-paysend-libre-una-solucion-de-remesas-destinada-a-impulsar-inclusion-financiera-en-la-region-norte-de-centroamerica\/","title":{"rendered":"Paysend Introduces &#8216;Paysend Libre&#8217; a Remittance Solution Aimed at Driving Financial Inclusion in Northern Central America"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><i>In partnership with payment technology company, Mastercard, Paysend seeks to further accelerate access to digital financial tools for the unbanked population in <span class=\"xn-location\">Latin America<\/span>.<\/i><\/p>\n<p><span class=\"xn-location\">MIAMI<\/span>, <span class=\"xn-chron\">Nov. 14, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3707466-1&amp;h=661200541&amp;u=https%3A%2F%2Fpaysend.com%2F%3Futm_source%3Dprweb%26utm_medium%3Dpressrelease%26utm_campaign%3Dlibre&amp;a=Paysend%2C\" target=\"_blank\" rel=\"nofollow\">Paysend,<\/a> the UK-based fintech, today introduced <i>Paysend Libre<\/i>, which will allow unbanked users in <span class=\"xn-location\">Northern Central America<\/span> (<span class=\"xn-location\">Guatemala<\/span>, <span class=\"xn-location\">Honduras<\/span>, <span class=\"xn-location\">El Salvador<\/span>) to receive remittances from the U.S. instantly to a Paysend virtual Mastercard digital card. The virtual card is ready to use in minutes for cash withdrawals and online purchases, allowing the millions of people that rely on funds from family members abroad to access their money safely and simply.\u00a0 <i>Paysend Libre<\/i> is set to launch in <span class=\"xn-location\">Guatemala<\/span> in <span class=\"xn-chron\">December 2022<\/span>, and will expand into the broader <span class=\"xn-location\">Northern Central America<\/span> region in 2023, where 60% of the adult population is unbanked.<\/p>\n<div id=\"prni_dvprnejpg8018left\" dir=\"ltr\" style=\"width: 100%; text-align: left;\"><img decoding=\"async\" id=\"prnejpg8018left\" title=\"Paysend, card-to-card pioneer and international payments platform.\" src=\"https:\/\/mma.prnewswire.com\/media\/1757101\/paysend_Logo.jpg\" alt=\"Paysend, card-to-card pioneer and international payments platform.\" align=\"middle\"\/><\/div>\n<p>With <i>Paysend Libre<\/i> \u2013 powered by Mastercard Send technology \u2013 U.S. customers simply use a recipient&#8217;s phone number to send them funds. As soon as the funds are sent, the recipient receives a notification with a link to log in via Paysend&#8217;s website or app. Unbanked recipients and those without a debit card, will be issued a free Paysend virtual Mastercard that can be used to make online purchases or withdraw funds from thousands of Cajero <span class=\"xn-money\">5B<\/span> ATMs &#8211; providing them with a digital financial tool that gives them greater control of their money and enables them to participate in the digital financial system.<\/p>\n<p>&#8220;International remittances to <span class=\"xn-location\">Guatemala<\/span> serve as a safety net for millions of people in the country. <i>Paysend Libre<\/i> offers a simple, convenient, and safe way to facilitate money transfers to those who need it the most. It also helps us move the needle in expanding financial inclusion for all,&#8221; said <span class=\"xn-person\">Jairo Riveros<\/span>, Chief Strategy Officer and Managing Director of <span class=\"xn-location\">North America<\/span> and LATAM at Paysend.<\/p>\n<p>Paysend and Mastercard will introduce <i>Paysend Libre<\/i> at the <u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3707466-1&amp;h=2281541134&amp;u=https%3A%2F%2Ffelabanguatemala.com.gt%2F&amp;a=56th+Felaban+Guatemala+Convention\" target=\"_blank\" rel=\"nofollow\">56th Felaban Guatemala Convention<\/a><\/u> happening from <span class=\"xn-chron\">November 12-15<\/span> in <span class=\"xn-location\">Guatemala City<\/span>. They will be joined by other financial inclusion leaders, including representatives from the Partnership for <span class=\"xn-location\">Central America<\/span> for a discussion on how to scale financial inclusion efforts.\u00a0<\/p>\n<p>&#8220;We know there&#8217;s greater impact when industry players come together to maximize our strengths and our technologies. This program is a clear example of that and will help give millions across <span class=\"xn-location\">Guatemala<\/span>, <span class=\"xn-location\">Honduras<\/span>, and <span class=\"xn-location\">El Salvador<\/span> a fast, simple and secure to access \u2013 and use \u2013 their funds,&#8221; said <span class=\"xn-person\">David Goldschmidt<\/span>, Vice President of Cross Border Payments for Mastercard Latin America and the <span class=\"xn-location\">Caribbean<\/span>.<\/p>\n<p>&#8220;Libre&#8221;, which translates to &#8220;free&#8221; in Spanish, represents Paysend&#8217;s mission to free unbanked individuals from the challenges that come with traditional solutions, the lack of financial options for international money transfers, and the security risk of receiving money in cash.<\/p>\n<p><b>Spending and Withdrawing Money With Paysend Libre <\/b><\/p>\n<p>To use the Paysend virtual Mastercard online, recipients need only to tap the card to reveal the card number, expiration date and three-digit security code, which can be used to make online purchases.<\/p>\n<p>Using their cell phone number, recipients can withdraw funds from their Paysend virtual Mastercard at a Cajero 5B&#8217;s contactless ATM. After following a few steps, the user will receive a one-time passcode to withdraw their desired amount from their Paysend virtual Mastercard balance.<\/p>\n<p><b>Increasing Financial Inclusion in <span class=\"xn-location\">Guatemala<\/span> <\/b><\/p>\n<p><span class=\"xn-location\">Guatemala<\/span> is home to <span class=\"xn-location\">Central America&#8217;s<\/span> largest population and economy, yet it has the region&#8217;s lowest human development index \u2013 a measurement of life expectancy, health, and education outcomes \u2013 with over 50% of the country living below poverty.<\/p>\n<p>As a result, remittances play a critical role in <span class=\"xn-location\">Guatemala<\/span>, where 18% of <span class=\"xn-location\">Guatemala&#8217;s<\/span> GDP relies solely on the money sent from migrants. Although migrants leave their home country for new opportunities, they still play critical roles in financially supporting their friends and family back home. In fact, Guatemalans living abroad sent a record <span class=\"xn-money\">$15 billion<\/span> in remittances in 2021, a 35% increase from 2020.<\/p>\n<p>Learn more about Paysend&#8217;s efforts to create financial inclusion for all at <u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3707466-1&amp;h=4039016908&amp;u=https%3A%2F%2Fpaysend.com%2F%3Futm_source%3Dprweb%26utm_medium%3Dpressrelease%26utm_campaign%3Dlibre&amp;a=https%3A%2F%2Fpaysend.com\" target=\"_blank\" rel=\"nofollow\">https:\/\/paysend.com<\/a><\/u>.<\/p>\n<p><b>ABOUT PAYSEND <\/b><\/p>\n<p>Paysend is a next-generation integrated global payment ecosystem, enabling consumers and businesses to pay and send money online anywhere, anyhow and in any currency. Paysend is UK-based and has global reach having been created in <span class=\"xn-chron\">April 2017<\/span> with the clear mission to change how money is moved around the world. Paysend currently supports cross-network operability globally across Mastercard, Visa, China UnionPay and local ACH and payment schemes, providing over 40 payment methods for online SMEs.<\/p>\n<p>Paysend can send money to over 170 countries worldwide. As a global end-to-end payment platform, Paysend has its own global network of banks and international and local payment systems and has partnerships with the major international card networks Visa, Mastercard and <span class=\"xn-person\">China Union Pay<\/span> as a principal member and certified processor.<\/p>\n<p>For further information visit\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3707466-1&amp;h=2686272789&amp;u=https%3A%2F%2Fpaysend.com%2F%3Futm_source%3Dprweb%26utm_medium%3Dpressrelease%26utm_campaign%3Dlibre&amp;a=https%3A%2F%2Fpaysend.com%2F\" target=\"_blank\" rel=\"nofollow\">https:\/\/paysend.com\/<\/a><\/u>.<\/p>\n<p>Logo &#8211; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3707466-1&amp;h=1656639338&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1757101%2Fpaysend_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1757101%2Fpaysend_Logo.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1757101\/paysend_Logo.jpg<\/a><\/p>\n<p>SOURCE  Paysend<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><i>In partnership with payment technology company, Mastercard, Paysend seeks to further accelerate access to digital financial tools for the unbanked population in <span class=\"xn-location\">Latin America<\/span>.<\/i><\/p>\n<p><span class=\"xn-location\">MIAMI<\/span>, <span class=\"xn-chron\">Nov. 14, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; &lt;a href=&quot;https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3707466-1&amp;h=661200541&amp;u=https%3A%2F%2Fpaysend.com%2F%3Futm_source%3Dprweb%26utm_medium%3Dpressrelease%26utm_campaign%3Dlibre&amp;a=Paysend%2C&quot; target=&quot;_blank&quot;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":141409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-141408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/141408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=141408"}],"version-history":[{"count":"1","href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/141408\/revisions"}],"predecessor-version":[{"id":141411,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/141408\/revisions\/141411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/141409"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=141408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=141408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=141408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}