Coronavirus Impact on Banks ‐ The Top Ten List

Read the blog by Mr. Sanjiv Anand, Chairman, IBS Intelligence.

The Black Swan Opportunity |Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

IBS Journal: The iconic monthly FinTech magazine

March 2020 issue out now! Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

Rapyd and Visa to boost adoption of FinTech services by businesses

UK-based B2B FinTech as a Service provider, Rapyd has entered into a new agreement with Visa in a bid to facilitate the expansion of its business operations. It is also expected to speed up the delivery of payment services for assisting businesses in expanding their core offerings with local and cross-border market solutions. The collaboration will also see Rapyd join Visa’s Fintech Fast Track programs as an enablement partner for boosting FinTechs’ speed to market.

Sarel Tal, Vice President, Europe, Middle East and Africa at Rapyd noted, “As businesses look for global expansion opportunities they must contend with the complexity of integrating local and cross-border payment capabilities, including collections, disbursements, and card-based solutions. Now Rapyd can leverage Visa’s offerings — Visa Direct for real-time funds transfers, Visa Token Services for secure digital payments, and Visa’s issuance capabilities – to enhance Rapyd’s core issuing and acquiring services, unlocking simple, relevant payment experiences for these businesses globally.”

Recently, Rapyd announced an investment by Durable Capital Partners, bringing the total amount raised by the FinTech to $180 million. The supplier’s cloud-based platform helps businesses to integrate FinTech and payment capabilities into any commerce application. It has become a Visa issuer in the UK and plans to expand its issuing and acquiring footprint in other key regions over time.

“Rapyd’s platform helps fintechs, merchants and marketplaces stand up payment-related services quickly and easily across multiple markets,” said Matt Dill, global head of strategic partnerships and venture, Visa. “We’re excited about our collaboration with Rapyd, and the many benefits we can provide to our mutual partners worldwide.”

Related Posts