Indeed, Paysend points out that there is still a lot of growing and evolution left to do. Citing McKinsey research, it notes that some 70% of international payments are currently still cash-to-cash, with fees averaging up to 5.2% per transaction, and timing taking up to an hour each for sender and recipient to complete transfers. (Paysend claims it can cut fees by up to 60%.)

https://techcrunch.com/2021/05/26/uks-paysend-raises-125m-at-a-700m-valuation-to-expand-its-all-in-one-payments-platform/