Paysend, a cross-border payments company based in the UK, has partnered with BVNK to integrate stablecoins into its payment services. This integration is available across both consumer and enterprise product lines.
This move complements the existing fiat settlement methods within Paysend’s global network, broadening the range of options for users.
For enterprise clients, including platforms and financial institutions, stablecoins will be an additional settlement option where applicable. This new feature is designed to overcome some limitations of traditional banking systems by providing a continuous payment rail that operates outside regular banking hours, ensuring seamless transactions even when banks are closed.
Collaborative Benefits and Market Context
The partnership between Paysend and BVNK highlights the increasing use of stablecoins in cross-border payments. Stablecoins offer the advantages of constant availability, quicker finality, and reduced dependency on intermediaries—benefits that resonate with both individual users and institutional clients.
Paysend operates a global network catering to both consumer and enterprise customers across various markets. With BVNK’s integration, the company enhances its settlement options without needing to overhaul existing fiat infrastructure.
Chris Harmse, co-founder and Chief Business Officer at BVNK, explained that this collaboration aligns with Paysend’s extensive reach while offering robust stablecoin infrastructure optimized for high-volume transactions and compliance standards. Ben Chisell, CEO of Paysend, emphasized how the partnership brings faster and more efficient settlement benefits to both consumer and business segments without affecting security or regulatory compliance.
Strategic Partnerships
Beyond this collaboration, BVNK has also partnered with Ontop to introduce embedded USD stablecoin accounts for international workers in 150 countries. Additionally, BVNK announced its acquisition by Mastercard for up to USD 18 billion, a deal aimed at enhancing digital asset capabilities and integrating blockchain payment networks with traditional fiat systems.
The planned closing of this acquisition is anticipated before the end of 2026, subject to regulatory approvals and standard closing conditions.
