Televisa-Paysend Media-For-Equity Transaction Worth $30m

After getting a partnership deal with TelevisaUnivision, a Spanish-language media and video company, Paysend is going after the 60 million Hispanic people in the United States.

The two companies have signed a media-for-equity deal that gives Televisa a big stake in Paysend in return for $30 million worth of media and advertising over the next three years.

Paysend hopes that the deal will help it win over the millions of Hispanic Americans who send money to family members in Latin America.

The company says that its card-to-card service gives people who don’t have bank accounts a reasonable alternative to more expensive, time-consuming, and dangerous ways to send and receive money transfers.

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