Paysend
LeaveRussia detail: Continue Operations
Paysend US LLC is a licensed money transmitter (NMLS ID: 2048617).
Decision trail
Decision date 25/05/2022 · Reference ↗
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.)
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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