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In 2021, Latin America and the Caribbean received $127.6 billion in remittances – the highest registered in the past 20 years.
Cross-border payment solutions were taking note, with traditional financial institutions and new digital banking tools clamoring for market share in Spanish and Portuguese-speaking countries.
In 2022, international payments platform Paysend knew it needed to enter the LATAM market – and quick – in order to capture this growing opportunity before its competitors cemented themselves as regional leaders.
Headquartered in the UK, Paysend successfully entered the U.S. market in 2020 with help from FinTech PR and marketing firm, Alloy. Together, we got to work replicating the U.S. launch framework and modifying it for our neighbors in Mexico and South America.
At the heart of the plan was an educational component, that positioned Paysend as an expert on financial challenges affecting Latin American populations. This enabled the company to:
In less than a year, Paysend appeared in multiple top-tier publications for the very first time, including Semana, La Republica, LatAm Fintech News and El Nuevo Herald – reaching both South American consumers as well as migrant workers in the U.S.
The PR boost, combined with social media and content marketing activations, increased Paysend’s web traffic from visitors located in Latin America and the Caribbean by 186% year over year, supporting its global expansion into the key region.
Today, Paysend is considered one of the leading remittance providers in LATAM.
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