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Rapyd announces local payments solution Rapyd Checkout

Rapyd, the fintech platform, has announced the rollout of its Rapyd Checkout, a hyper-local payments solution that allows merchants to accept local payment types in 100+ countries, including cash, bank transfers, local cards, and e-wallets.

According to the fintech, the solution will allow merchants to accept local payment methods that consumers use every day through a single integration. Rapyd Checkout offers businesses a way to quickly and easily reach new customers, looking to expand the number of available payment methods offered in local markets they currently serve. The solution offers a merchant-branded user experience and manages local regulatory, 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.”

This new solution follows Rapyd’s $40 million Series B funding round in February.

Founded in 2015, Rapyd is headquartered in the UK with offices in London, Singapore, Silicon Valley, and Tel Aviv.

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