Paysend invests in Serbia with new European Tech Middle

LONDON – 26 MAY, 2022Paysend, the worldwide FinTech with 7 million clients, at the moment introduced that it has opened its new European Expertise Middle in Belgrade, Serbia. The brand new know-how hub will concentrate on software program and product improvement and embraces Serbia’s status as Europe’s subsequent know-how hotspot, with a rising neighborhood of established manufacturers, enterprise capital companies and FinTech startups being drawn to the nation to benefit from its handy location and domestically-grown, internationally acclaimed know-how expertise pool.

The know-how sector has turn into a vital a part of the social and financial cloth of Serbia and shall be essential to the nation’s ongoing improvement and financial progress. Openness to innovation, willingness to undertake new concepts, and the prioritization of digital transformation have been foundational pillars for the present Authorities of the Republic of Serbia, with Prime Minister Ana Brnabić taking an lively function in constructing shut relationships with the IT business, start-ups and entrepreneurial corporations in Serbia.

Her Excellency Ms. Ana Brnabić, Prime Minister of the Republic of Serbia, mentioned: “Digitalization and the fourth industrial revolution has offered a novel alternative for Serbia and its residents to leapfrog different nations, notably within the fields of know-how, innovation, international direct funding and R&D. Serbia’s potential to draw main know-how and FinTech corporations, like Paysend, is proof of the strategic investments we’ve got made in recent times to develop and strengthen the know-how and startup ecosystems in Serbia.”

Along with a dedicated authorities and political stability to help digital transformation Serbia has wonderful expertise from world-recognized universities and prestigious tech multinationals, a strategic location capable of concurrently help European, American, and Asian operations, and an undersaturated marketplace for know-how improvement with room for progress.

Paysend will look to immediately contribute to among the revolutionary technology-focussed initiatives already underway throughout Serbia, together with working with the Nationwide Financial institution of Serbia to check fee options and merchandise within the financial institution’s fee regulatory sandbox, in addition to becoming a member of the Digital Serbia Initiative, a non-profit that hosts occasions for college kids, helps to form FinTech legal guidelines, in addition to develop Serbia’s digital financial system.

Abdul Abdulkerimov, Co-Founder and Chairman at Paysend, mentioned: “As a world FinTech, selecting Belgrade as the placement for Paysend’s main European know-how hub was a simple choice given the rising infrastructure and help that the Authorities of the Republic of Serbia is offering to encourage the expansion of know-how and start-ups.

“Working in partnership with the Authorities of the Republic of Serbia we need to assist put Belgrade on the map as the following FinTech capital of Europe. We sit up for establishing ourselves in Belgrade and contributing to the objective of growing a robust, globally aggressive digital financial system in Serbia.”

Paysend will look to develop its headcount in Belgrade to as much as 100 individuals by the top of 2022.

Paysend is a subsequent era built-in world fee ecosystem, enabling shoppers and companies to pay and ship cash on-line wherever, anyhow and in any foreign money. Paysend is UK-based and has world attain having been created in April 2017 with the clear mission to alter how cash is moved around the globe. Paysend at present helps cross-network operability globally throughout Mastercard, Visa, China UnionPay and native ACH and fee schemes, offering over 40 fee strategies for on-line SMEs.

Paysend can ship cash to over 150 nations worldwide and has attracted 7 million shoppers to its platform. As a world end-to-end fee platform, Paysend has its personal world community of banks and worldwide and native fee programs and has partnerships with the key worldwide card networks Visa, Mastercard and China Union Pay as a principal member and authorized processor.

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Alan Duerden
Head of PR and Communications
+44(0)7841 028307
[email protected]

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