Paysend and TelevisaUnivision sign a USD 30 million media-for-equity agreement

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Paysend, a UK based card-to-card payments platform, has partnered with TelevisaUnivision, a Spanish-language media and content company, to target the 60 million-strong Hispanic population in the United States.

In a media-for-equity agreement, the two businesses agreed to Televisa becoming a sizable shareholder in Paysend in exchange for a media and advertising commitment worth USD 30 million over three years.

According to the business, its card-to-card offering gives unbanked individuals a cost-effective substitute for more expensive, time-consuming, and unsafe ways to send and receive remittances.

Read More: Paysend inks $30m media-for-equity deal with TelevisaUnivision

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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