Tag: milestone

Paysend Celebrates 10 Million Consumer Customers Milestone

In a significant milestone for the fintech industry, Paysend, the UK-based global payments platform, has announced reaching 10 million consumer customers worldwide. This achievement underscores Paysend’s remarkable growth and solidifies its position in the cross-border payments market, which is projected to reach USD$ 60 trillion by 2030. From its beginnings as a visionary startup, Paysend has evolved into the world’s largest digital payment network, embodying its mission of delivering the simplest money transfer solutions globally.

A certified processor for Mastercard, Visa, and China UnionPay, Paysend is known for its commitment to transparency and accessibility. The company’s innovative payment infrastructure facilitates seamless money transfers to cards, wallets, and accounts in over 170 countries from more than 50 sending locations. This extensive reach caters to individual consumers and enterprise clients alike, attracting partnerships with industry leaders such as Mastercard and Western Union, as well as innovative firms like Deel, underscoring Paysend’s growing influence in the global payments ecosystem.

Abdul Abdulkerimov, Founder and Executive Chairman of Paysend, commented:

“This milestone reflects the significant impact our payment technology platform has on millions of consumers and enterprises worldwide. As the largest global digital network with over 25 billion endpoints, our mission is to simplify international payments for everyone. We extend our heartfelt thanks to all our customers with great pride and gratitude.”

Paysend’s dedication is reflected in its impressive metrics: over 15 million downloads of the Paysend app on Google Play and an 85% ‘excellent’ rating from more than 34,000 Trustpilot reviews. Despite these achievements, Paysend considers them just the beginning of its journey, with an unwavering focus on continued growth and innovation.

Jairo Riveros, Group Head of Strategy and Managing Director for the Americas, added:

“Reaching over 10 million consumer customers worldwide is a testament to the strength of the extensive network we’ve built with our strategic partners. Our commitment remains steadfast: to make money transfers simple, fast, and accessible for everyone, including the unbanked. We sincerely thank our customers and partners for their trust and support.”

Paysend continues to drive innovation, highlighted by the 2024 launch of “Libre,” a groundbreaking feature that enables money transfers using just a phone number. This advancement reinforces Paysend’s position as a leader in payment technology and as the world’s largest digital payment network. Additionally, Paysend’s partnership with TelevisaUnivision, the largest Spanish-language broadcast network in the U.S., provides a unique opportunity to connect with the world’s largest remittance market, amplifying the company’s reach and impact and further solidifying it as a frontrunner in the cross-border payments market.

Revolut reaches 50 million customer milestone

Revolut, the global financial technology company and licensed European bank, has today announced that it has hit 50 million customers globally.

The company has reached the 50 million milestone at high-speed, growing by over 10 million customers in 2024 so far and becoming the most downloaded financial app in Europe.  It follows a bumper year for Revolut, which in 2024 received a $45 billion valuation, was awarded a UK bank licence with restrictions from the Prudential Regulation Authority (PRA) whilst in the mobilisation stage, and announced its 2023 Group revenues had surpassed $2.2 billion with record profits before tax of $545 million.

Revolut has aggressive plans to continue to grow its customer base towards the 100 million milestone, while also rolling out new and innovative services to become the primary bank of choice for its customers. 

Nik Storonsky, CEO of Revolut, commented: “Revolut exists for one reason: to simplify money for everyone, everywhere. This year we’ve taken huge steps forwards — breaking records, accelerating the speed at which we’re launching products and continuing to disrupt financial services globally. We’re moving faster than ever because we know the opportunity to revolutionise global financial services for our customers is still massive.”

Later this week Storonsky will take to the stage at the company’s The Revolutionaries event in London to celebrate its 50 million milestone, speaking alongside co-founder and CTO Vlad Yatsenko and entrepreneur Steven Bartlett. 

An exclusive event featuring revolutionary names across music, business, fashion, sport, gaming, travel and entertainment, The Revolutionaries will close with a headline performance from the iconic Charli XCX ahead of her sold-out UK tour.

For those outside of the UK, the event will be broadcast across YouTube and other streaming platforms.

Revolut Bank UAB (Irish Branch) was recognised by financial comparison site Bonkers.ie as ‘Ireland’s Best Consumer Business’ and ‘provider of the Best Current Account’ in 2024, while the company ranked 9th as part of the Ireland RepTrak® 2024 study earlier this year.

 

 

 

 

Globalstar Celebrates 10,000 Rescue Milestone

Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. the leader in satellite messaging and emergency notification technologies, announced today that Globalstar devices, including SPOT satellite GPS messengers have to date played a role in over 10,000 rescues worldwide.

This landmark milestone includes incidents, many of which being life-threatening, where emergency support was rapidly delivered precisely where needed thanks to satellite-enabled alerts from economical and rugged Globalstar devices.

Rescues have taken place all over the globe, including over 7,000 in North America. To date, there have been 479 rescues in EMEA (including 376 in Europe and 103 in Africa), and 569 in APAC (of which 462 were in Australia).

Globalstar’s compact and cost-effective SPOT devices provide reliable, near-global coverage thanks to Globalstar’s next-generation Low-Earth Orbit (LEO) satellite network. Always-on connectivity and real-time tracking capabilities are assured, even in remote or challenging environments where traditional telecom networks may be unavailable.

SPOT Gen4 was designed for outdoor recreation, and has been embraced by adventure enthusiasts whose activities take them beyond reliable mobile network coverage. Its always-on, ubiquitous tracking and user-centric functionality make SPOT Gen4 an increasingly popular companion for outdoors people of all kinds, delivering peace of mind to users, their friends and family, all over the world.

In an emergency, pressing SPOT’s one-touch SOS button instantly sends an alert including the user’s GPS coordinates to Globalstar partner, FocusPoint, SPOT’s 24/7 crisis response centre. From there, needs are assessed and local first responders are engaged in order to dispatch help rapidly.

SPOT X offers two-way SMS and email messaging as well as GPS tracking and one-touch SOS. SPOT X is the only satellite messenger on the market to give users free incoming messages, easy check-in function and a full, backlit QWERTY keypad for intuitive typing. SPOT X also offers the industry’s longest battery life in both tracking and SOS modes and is priced competitively.

The activities that have accounted for the 10,000 rescues vary widely, but the majority of emergency incidents happened while users were engaging in motorsport/driving (2,503), hiking and mountain sports (2,241), and boating (1,007).

SPOT devices have also seen dramatic increases in uptake by a diversity of organisational customers. For a professional user such as a lone or at-risk worker, SPOT devices can be configured to transmit alerts to an organisation’s operations or security centre.

The UK Ministry of Defence (MOD), for example, uses SPOT Gen4 satellite GPS messengers to track and provide safety for Royal Air Force (RAF) Force Protection personnel during training exercises.

The tracking solution provided by SPOT Value Added Reseller 3S Group is the sole tracking system recommended by the Duke of Edinburgh Award (DofE) to safeguard young people on expeditions. SPOT was chosen for its reach, ease of use and reliability, providing schools, parents, and public and nature authorities, with peace of mind, while enabling good welfare governance.

SPOT devices are today providing communication and safety for solo-working staff, or those who operate in hazardous environments, at an array of commercial and non-commercial organisations. These include disaster relief agencies, utilities suppliers, forestry agencies as well as civil, national and multinational defence organisations.

All these users recognise that whenever their activities take them beyond the reach of conventional cellular networks or other terrestrial communications systems, only satellite technology can provide trustworthy and ubiquitous connectivity.

“We are extremely proud to have played a role in over 10,000 rescues worldwide,” said Mark O’Connell, Globalstar EMEA & APAC General Manager. “As the capabilities, reach and reliability of the Globalstar family of products become ever more widely acknowledged, we look forward to continuing to provide critical emergency support to adventurers, sportspeople and professional users wherever they travel.”