Paysend: Simple Money Transfer

Paysend is a mobile application that facilitates fast, secure, and low-cost international money transfers to over 170 countries. It offers transparent fees and real-time exchange rates, allowing users to send money to bank accounts, mobile wallets, or directly to Visa, Mastercard, or UnionPay cards.

Paysend is a strong match for the core concept of international money transfers with transparent and low fees. The website explicitly states 'Fast, secure and low-cost transfers' and 'Transparent fees & great FX rates'. It also highlights 'real-time exchange rates' and 'most payments are completed in minutes', aligning with fast transfer execution. While it doesn't explicitly mention 'mid-market exchange rate', the emphasis on 'real-time exchange rates' and 'competitive foreign exchange (FX) rates with upfront pricing' suggests a similar value proposition. The app is clearly a mobile-first solution, and regulatory compliance is mentioned. However, there is no explicit mention of a multi-currency account or a borderless debit card, which are must-have features for the Wise concept. Therefore, it's a strong competitor but not a perfect match for all must-haves.