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Paysend and Mastercard partnered to launch "Paysend Libre" in Mexico

Paysend and Mastercard partnered to launch "Paysend Libre" in Mexico


Paysend has partnered with Mastercard to introduce Paysend Libre in Mexico, a virtual Mastercard service that aims to increase financial inclusion in a region with a large unbanked population. This innovative service allows for simple, fee-free remittance transfers using just the recipient's phone number, providing immediate access to funds via a virtual card. Designed to address longstanding issues of speed, cost, and security in remittance services, Paysend Libre facilitates real-time spending without the need for a bank account. The initiative highlights the societal importance of remittances as a financial lifeline in Latin America, where 70% of the population is unbanked.


Through this launch, Paysend and Mastercard are expanding economic opportunities throughout the USA-Mexico remittance corridor, one of the largest in the world. This collaboration also included a campaign featuring Mexican celebrities to promote cross-border financial capabilities, underscoring Paysend's commitment to broadening financial access across Latin America.


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