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Paysend expands into US market

American residents can now transfer payments securely and inexpensively across borders and into a bank account in 70 countries within minutes through global money transfer provider, Paysend.

The company's recent move to the U.S. was enabled by a partnership between Paysend and Central Payments, a subsidiary of the Central Bank of Kansas City, according to a company release.

"Our partnership with Paysend continues the Central Payments mission to power the most innovative products in fintech," Trent Sorbe, president and founder of Central Payments, said in the release. "Paysend's U.S. launch and the availability of its simple, low-cost transfer solution is particularly timely as consumers look for cashless money transfer options that can be done from anywhere."

Paysend's American launch began on the West Coast under the leadership of Matt Montes, who has nearly 30 years of financial services experiences, most recently serving as president of Catalina Card Services.