Paybis Slashes Crypto Fees by 70% to Tackle High Global Remittance Costs

Paybis has launched a promotional campaign called "Fee Slasher" to address the disconnect between consumer expectations and the actual costs of cross-border remittances. By offering significant fee reductions for new users, the infrastructure provider aims to accelerate the transition from traditional banking corridors to more cost-effective stablecoin-based transfers.

What was announced

Paybis is introducing the "Fee Slasher" initiative throughout November. New users who sign up during this period can access a 70% discount on any purchase by using the promotional code FEESLASH70. This move is a direct response to research indicating a significant lack of transparency in the remittance market. According to Paybis data, over one-third of individuals sending money abroad are unable to identify the total cost of their transactions. Furthermore, nearly half of respondents estimate they lose 10% or more per transfer, while 18.2% believe the cost is under 1%.

The reality of traditional transfers remains high; World Bank figures indicate the global average cost for sending $200 is 6.49%, significantly higher than the United Nations' 2030 target of 3%. Paybis notes that much of this expense is hidden within exchange rates rather than explicit fees. The campaign aims to bridge the gap for users who expect stablecoin transfers to cost less than 1%. To facilitate this, the platform supports over 25 payment methods, including Apple Pay, Google Pay, PayPal, and regional European options such as iDEAL, BLIK, Multibanco, and EPS.

"The empire of expensive remittance is ending as more and more people move to stablecoin sending. A fraction of the cost and the ability to side step banking friction boosts demand and use of stablecoins."

Paul Afshar, CMO at Paybis

The companies involved

Established in 2014, Paybis has grown into a significant global provider of crypto and fiat infrastructure. The company operates a dual-model business, offering a consumer-facing crypto exchange and wallet for over 90 cryptocurrencies alongside a B2B infrastructure layer. This infrastructure is designed to allow enterprises to move capital globally while bypassing the friction inherent in traditional payment systems.

Headquartered with a team of 200 professionals, Paybis processes more than $6 billion in annual transaction volume. In 2026, the firm was recognized as the Best Crypto Payment Provider, reflecting its focus on rapid onboarding and global reach. The platform currently serves approximately 7 million users and hundreds of enterprise clients. It maintains a high reputation in the retail sector, evidenced by its standing on review platforms like Trustpilot, where it is noted for its operational excellence in digital asset acquisition.

What FF News has reported before

FF News has closely tracked Paybis's influence on the digital asset landscape. In October 2026, we reported a 106% surge in crypto payouts, highlighting how USDC has come to dominate European settlement. This followed an August report on the crypto fee transparency crisis, which found that only 1 in 22 platforms disclose full costs upfront—a finding that aligns with Paybis's recent consumer research. Additionally, we explored the regulatory environment in July, noting that 68% of EU users remain unaware of MiCA compliance risks, underscoring the ongoing need for education in the sector.

What this means

This announcement highlights the intensifying battle between traditional remittance providers and crypto-native infrastructure. By slashing fees, Paybis is testing whether price sensitivity is the primary barrier to stablecoin adoption. The traditional banking sector is under increasing pressure to justify high exchange rate markups as transparency becomes a competitive differentiator. However, the move also raises questions for the wider fintech industry about the sustainability of low-fee models. If users begin to demand sub-1% costs as a standard, legacy institutions may find their margins squeezed beyond the point of viability, forcing a faster pivot toward blockchain-based settlement layers.