Paysend Instant Global Transfers are now live in Kyrgyzstan, with further rollout scheduled for Mexico and Colombia.
Global payments company Paysend has launched a new instant cross-border transfer service aimed at providing faster and more convenient money movement between individuals worldwide.
The new service allows users to send money instantly using only a smartphone or the Paysend website. Transactions require three simple steps: download the Paysend app or visit the website, enter the recipient’s phone number, and select the amount and payment method. Recipients get immediate notifications and can access funds instantly in their local currency. Transfers can be withdrawn to a bank account, card, or wallet, or spent directly via an instant virtual Mastercard compatible with Apple Pay and Google Pay.
Paysend chose Kyrgyzstan as its initial launch market due to the country’s high dependence on remittances, which account for around 30% of the country’s annual GDP. This makes Kyrgyzstan one of the most remittance-dependent economies globally, highlighting the importance of reliable and flexible payment services for local families. Besides high demand, the company also views Kyrgyzstan as an environment receptive to digital financial innovation, making it a strategic location to pilot new services.
Following the Kyrgyzstan rollout, Paysend plans to expand the service to Mexico and Colombia, with further launches across Latin America and the Caribbean. These markets are prioritized due to significant cross-border remittance flows and growing demand for fast, secure digital payment solutions.
Paysend’s instant transfer capability is built on its next-gen technology stack, designed to support speed, reliability, and scalability, with future plans to integrate AI-driven payment features.
Founded in 2017 and headquartered in London, UK, Paysend operates in over 100 countries, offering digital payment solutions that connect consumers and businesses across borders. The company’s core services include peer-to-peer (P2P) money transfers, card-to-card payments, bank account transfers, and a digital wallet that supports local currencies. Paysend’s infrastructure is designed to simplify cross-border payments while reducing fees and transaction times compared with traditional banking channels.
