British financial network Rapyd has launched Rapyd Checkout, a hyper-local payments solution that supports more than 500 locally preferred payment types.
The solution will allow merchants to accept local payment types including cash, bank transfers, local cards, and e-wallets in 100 plus countries.
Go deeper with GlobalData
Through a single integration, merchants can accept local payment methods all around the world for day to day transactions.
The company noted that its platform will offer global businesses an easy access to new cross border customers or customers who are looking to expand payment methods in the local market they serve.
The solution is also equipped to manage local regulatory and compliance issues. It leverages a single reconciliation process across multiple countries.
Rapyd chief product officer Helcio Nobre said: “Today, only 6% 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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“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 over 100 countries.”
The launch of the new solution follow’s Rapyd’s $40m Series B funding round in February this year. The funding round was led by General Catalyst and Stripe.
