Rapyd, a leading global fintech company, has expanded its card acquiring solution to Singapore, making it the first country in Asia Pacific to have access to Rapyd’s comprehensive suite of services. By combining this solution with Rapyd’s core Fintech as a Service platform, local businesses in Singapore can enhance their market presence and tap into the immense potential of over 4 billion consumers worldwide.
With just a single integration, Singaporean businesses can now accept payments through credit and debit cards, e-wallets like ApplePay, GooglePay, and GrabPay, bank transfers including PayNow, and even send money abroad via Rapyd’s Global Payment Network, which is the largest local payment network globally, covering over 190 countries.
In today’s rapidly changing financial landscape, fintech is becoming increasingly vital for businesses seeking growth and efficiency. A recent study by PwC highlights the crucial role of payment technology in business priorities and projects continued growth in the sector. Singaporean businesses are particularly embracing payment digitization strategies and adopting fintech solutions to improve their operations.
The addition of Rapyd’s card acquiring solution to its existing Fintech as a Service platform in Singapore presents significant growth opportunities for local businesses. Rapyd’s core value proposition lies in innovation, flexibility, and efficiency, which effectively address the unique challenges faced by industries dealing with diverse risk levels, such as online travel, financial services, online gaming, pharmaceuticals, and marketplaces.
Industries like online gaming face complicated payment challenges due to in-game purchases, international player bases, and multiple virtual currencies. To tackle these complexities, Rapyd offers businesses a flexible payment solution within its Fintech as a Service suite. It provides over 900 local payment methods and accepts more than 150 currencies, enhancing customer convenience.
Moreover, the launch of card acquiring in Singapore opens up valuable opportunities for global enterprises using Rapyd’s services. Companies based in Europe can now seamlessly receive payments from Singaporean consumers using their preferred payment methods, whether it’s through credit cards, e-wallets, or bank transfers.
Rapyd’s expansion of its card acquiring solution to Singapore reflects the company’s commitment to helping businesses thrive in today’s digital-first economy. By providing comprehensive payment solutions tailored to specific industries’ needs, Rapyd is empowering businesses in Singapore and beyond to elevate their operations and expand their global reach.
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