Rapyd Launches Local Payments Services in the UK

Rapyd, a fintech as a service company, has announced on Tuesday the launch of its service in the United Kingdom, allowing both local and global businesses to access every major local payment method — such as cash, bank transfers, e-wallets, and cards — through one easy to integrate connection.

The London-headquartered platform is offering a “full-stack” solution that brings fragmented local payment solutions in a specific country into a single, integrated connection, meaning it allows businesses operating outside the UK to operate in the UK market from anywhere in the world, all through one platform.

“The idea behind our full-stack offering is simple: provide companies with the capability to accept every major local payment method without having to expend resources to build complex Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term infrastructure needed to power fintech and commerce applications as digital payments accelerate,” Sarel Tal, vice president of Europe, Middle East and Africa (EMEA) at Rapyd, said.

Another payments Unicorn Unicorn Unicorns represent privately held startup companies whose value exceeds $1 billion. The term itself was coined by venture capitalist Aileen Lee back in 2013, with Unicorns since assuming the gold standard of companies.At the time of writing, approximately 465 unicorns exist, with standouts becoming ubiquitous in everyday life. This includes Ant Financial, DiDi, Airbnb, Stripe, Lyft, and Palantir Technologies, among many others.While all wildly successful, many unicorns are themselves the product Unicorns represent privately held startup companies whose value exceeds $1 billion. The term itself was coined by venture capitalist Aileen Lee back in 2013, with Unicorns since assuming the gold standard of companies.At the time of writing, approximately 465 unicorns exist, with standouts becoming ubiquitous in everyday life. This includes Ant Financial, DiDi, Airbnb, Stripe, Lyft, and Palantir Technologies, among many others.While all wildly successful, many unicorns are themselves the product Read this Term aiming to disrupt the market

Rapyd has partnered with major payment gateways including Visa, Mastercard, Payzone, and ClearBank for offering its services.

It is primarily targeting fintech services, cross-border B2B companies, neo-banks, gig-economy platforms, and global retailers operating globally to tap into any specific global markets. According to the company, its services will save the companies costs and alignment with complex regulatory requirements.

Founded in 2016, the company is also well-funded and raised $170 million to date, per Crunchbase, and valued at nearly $1 billion. It is backed by major venture capitals and tech firms including Tiger Global, Coatue, General Catalyst, Stripe and Entrée Capital.

“With the launch of this platform, Rapyd is making operating in the UK market as simple and efficient as it can be for companies around the world,” said Martin Rouse, retail director at Payzone. “We are excited to work with Rapyd to provide local payment options for companies around the globe and help them grow their businesses and provide better payment options for UK consumers.”