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Paysign

“Can a prepaid card program manager become the go-to embedded disbursement and patient affordability platform for healthcare, pharmaceutical, and corporate clients?”

Founded1995
HQHenderson, Nevada, USA
IndustryFintech / Prepaid & Disbursements
The story

Founded in 1995 and originally operating as 3PEA International, Paysign built its early identity around prepaid card programs for the plasma donation and pharmaceutical industries. After rebranding to Paysign in 2019, the company expanded from niche healthcare prepaid programs into broader corporate disbursements, incentive solutions, and digital banking via the Paysign Premier account. The embedded finance angle is the company acting as a program manager on top of Patriot Bank, N.A. as sponsor bank, delivering branded prepaid Visa cards and digital accounts to corporate and government clients without holding a banking license itself.

Last 12 months
—
Product timeline
1995
Paysign, Inc. incorporated (originally as 3PEA International).· pivot
2013
Company listed on Nasdaq under ticker PAYS.· ipo
2019
Rebranded to Paysign, Inc. from 3PEA International, reflecting broader payment solutions focus.· pivot
2021
Launched Paysign Premier digital banking account product targeting businesses and disbursements.· banking
2023
Expanded pharmaceutical patient affordability solutions alongside prepaid card and disbursement programs.· lending
Regulated entities
1
regulatory licence held by Paysign
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Paysign’s embedded-finance stack
Payments / PSP
Paysign (self-operated prepaid card processing)
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Sponsor bank
in the full report
Accounting gap: minor
5 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.