Paysend launches business account powered by Crassula

Paysend, an Edinburgh-based B2B services provider that supports 1.5 million transactions per month, has launched Paysend Connect, a business account in collaboration with Crassula, an open banking software provider. The collaboration also enables businesses to provide solutions to their customers.

The solution enables companies to open multi-currency business accounts, make SEPA/SWIFT transfers, issue corporate Mastercards with no purchase fees and process online payments.
Financial institutions and payment service providers can use Paysend Connect to launch further fintech services because of the open banking technology provided by Crassula.

Paysend Connect also enables telecoms companies, retailers, social networks and other businesses to embed white labelled fintech products, such payment accounts, to their platforms within days.