Rapyd, a global Fintech as a Service company, announced a major expansion of Rapyd Disburse, an industry-leading mass-payout platform. The company has made significant investments in the Rapyd Global Payments Network in Europe and the Americas, and now offers more payout methods in Asia than any other payout platform. A simplified user interface for clients to onboard is now available, so clients can begin to more quickly disburse funds locally or cross-border.
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By expanding core disbursement functionality and deeply integrating them with Rapyd’s Fintech as a service technology stack – Collect, Issuing and Wallet – businesses can now leverage a single, unified cloud-based solution that delivers the broadest array of payment acceptance and disbursement capabilities with reach to more than 100 countries. The Rapyd Global Payments Network provides significant global reach including 26 countries across Asia including Singapore, India, Taiwan, and Japan. Expansion across the Americas has also occurred with more payout coverage in the United States, Brazil, and Mexico. And depth of coverage in the EMEA region has been broadened in France, Germany, the United Kingdom, United Arab Emirates, and Kenya. Rapyd will be extending wider coverage for bank payouts across Africa in the next two quarters.
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Significant changes in the economic landscape are moving businesses to get online and pay their suppliers, workers, and partners electronically quickly and easily. Yet, both new and existing online businesses are finding it challenging to pay efficiently, at low cost, and in the preferred local payment methods they need, including local and cross-border bank transfers, into ewallets, push-to-card, or even in cash.
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