SINGAPORE and MOUNTAIN VIEW, Calif., March 18, 2019 /PRNewswire/ -- Rapyd, the global FinTech-as-a-service platform that enables businesses and consumers to pay or be paid however they choose, today launched Rapyd Checkout, an industry-first, hyper-local payments solution that allows merchants to accept local payment types in 100+ countries, including cash, bank transfers, local cards, and e-wallets. Over 500 locally preferred payment types are supported.
This solution allows merchants around the world to accept local payment methods consumers use every day through a single integration. Rapyd Checkout offers global businesses a clear path to quickly and easily reach new customers that buy cross border or are looking to expand the number of available payment methods offered in local markets they currently serve. The solution offers a fully merchant-branded user experience, featuring rapid deployment and fast, lightweight implementation. Rapyd Checkout manages local regulatory and compliance issues and utilizes a single settlement and reconciliation process across multiple countries to one file with local payment methods supported in 170 currencies.
"Today, only 6 percent of the world's population has a credit card, yet more than two billion consumers transact in local markets with a diverse set of payment methods like cash, bank transfers, e-wallets, and local debit cards," said Helcio Nobre, Chief Product Officer at Rapyd. "With Checkout, we're enabling these same consumers to pay how they want - giving merchants easy access to them through the use of Rapyd's network connections in 100+ countries."
Globally, cross-border transactions continue to grow, but they are limited due to a lack of support for a variety of local payment methods that consumers use every day. Checkout enables unique, in-country commerce experiences for the specific market with the ability to scale across multiple countries. This new solution follows Rapyd's $40 million Series B funding round in February.
For more information on Rapyd Checkout, please visit: www.rapyd.net/checkout.
Rapyd provides a FinTech-as-a-service platform that helps businesses create, launch, augment, and scale any FinTech application globally. Rapyd enables hyper-local payments for global commerce allowing enterprises and their customers to pay and be paid however they choose. The Rapyd platform supports any payment method for in-country or cross-border commerce use cases. Businesses can seamlessly integrate payment methods like bank transfers, e-wallets, or cash into any digital application from a single API and scale them globally across multiple payments networks. Rapyd operates the world's largest local payments network that connects to over 2B+ consumers transacting around the corner and across the globe. For more: www.rapyd.net.
Lumina Communications for Rapyd
Marshall Hampson / Danielle Scotto
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