Rapyd expands in Singapore to streamline payments for local SMEs

By Gloria Mathias

Rapyd, a global FinTech, has announced the expansion of its card-acquiring solution to Singapore. This solution, when combined with Rapyd’s core FinTech as a Service platform, equips local businesses with the tools to elevate their local & global market presence.

With the expansion of the card-acquiring solution to the city-state, Singapore is the emerging country in Asia Pacific to have access to Rapyd’s complete and enhanced suite of services that also includes real-time payments, white-labeled wallet infrastructure, enhanced FX solutions and virtual accounts.

With the company’s one simple integration, local businesses can accept payments made via credit and debit cards, e-wallets (such as ApplePay, GooglePay and GrabPay), bank transfers (including PayNow), and send money abroad to over 190 countries via the Rapyd Global Payment Network, the largest local payment network in the world.

Rapyd’s versatile Fintech as a Service platform is especially beneficial for organizations where complex business models and use cases are commonplace, including online travel, financial services, online gaming, pharmaceuticals, and marketplace sectors.

Arik Shtilman, CEO and co-founder of Rapyd stated, “We are proud to bring our world-class card-acquiring capabilities to Singapore, offering these businesses a trusted global solution already supporting over 250,000 merchants worldwide. Our established presence in the country has brought us to this exciting moment, and today’s launch highlights our continued commitment to investing in one of the world’s most advanced payment markets. We are dedicated to tackling complex payment challenges faced by businesses in Singapore and empowering them with innovative capabilities to enhance their payment systems and drive rapid growth in Singapore and beyond.”

The launch of card acquiring in Singapore also extends invaluable opportunities for global enterprises utilizing Rapyd’s services, allowing companies in Europe to effortlessly receive payments from Singaporean consumers via their preferred payment method, be it through credit cards, e-wallets, or bank transfers.