Paysend
The Company Statement
May 25, 2022
In March 2022, Paysend, an international payment system founded by Russians and headquartered in the United Kingdom, announced its withdrawal from the Russian market. The foreign money transfer system Paysend, which formally announced its departure from Russia, in fact continued to operate in the country, taking advantage of a significant reduction in competition. (PS Development LLC and PS Processing LLC have business in Russia under Avosend trademark. Both companies are assumingly tied to Paysend Group Ltd or Paysend Nominees Ltd (UK) via PS Holding LLC (RU). PS development LLC earned more 1 bln. Roubles in 2023 as developer of Avosend app.)
| May 25, 2022 | Paysend is still here – The money transfer system couldn’t part with the Russian Federation |
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