European businesses can implement digital and omni-channel
payment experiences enabling consumers in 100+ countries to pay
with cards, bank transfers, ewallets and cash through a single
provider and contract
LONDON, Sept. 16, 2020
/PRNewswire/ -- Rapyd, a global fintech as a service company
announced today a major expansion of its European platform, adding
end-to-end card acquiring capabilities to its industry-leading
payments capabilities. Rapyd now offers the most comprehensive full
stack payment acceptance capabilities in Europe including card acceptance through
Mastercard and Visa, and support for local Alternative Payment
Methods (APM's) in over 100 countries, all accessible from a single
platform and managed from one contract reconciliation process.
The acceleration towards digital payments continues unabated
with businesses continuing to move online, further expanding into
new geographies as consumers turn to online commerce due to the
COVID-19 pandemic. By adding fully integrated online card acquiring
capabilities and offering the industry's largest number of APMs,
currently more than 900+ local payment methods are supported, the
Rapyd platform offers the easiest way for European businesses to
expand globally online. This also gives merchants the ability to
extend their existing point-of-sale (POS) systems to deliver an
integrated omni-channel commerce experience as business models
change and consumer shopping preferences evolve.
According to a recently released Forrester 2020 Consumer
Technographics Survey on digital commerce which surveyed thousands
of consumers the impact of social distancing, lockdowns, and other
measures in response to the COVID-19 pandemic is causing a
significant increase in eCommerce. Merchants who can offer online
card acceptance and local payment methods are well positioned to
grow in existing markets as well as to find new areas for regional
and global growth and expansion as e-commerce continues its heavy
expansion.
Speaking about the launch of pan-European card acceptance
capabilities Sarel Tal, Rapyd Vice
President and General Manager for Europe, Middle
East, and Africa, noted
"European merchants are at a crossroads and need to fully embrace
digital commerce to thrive as consumer shopping and payment
preferences are changing rapidly. Compensating for the loss of
in-store business, merchants need to quickly expand into global
markets to pursue cross-border sales opportunities, significantly
improve conversion rates and reduce cart abandonment. Rapyd solves
the complexity of payments and can even eliminate the number of
payment providers merchants must work with as they implement global
expansion plans."
Rapyd continues to grow its global footprint expanding its
integrated fintech capabilities with launches across multiple
markets globally. In the past year the company has launched full
stack payment capabilities in several of the world's largest
consumer markets including the United
Kingdom, India,
Brazil, Mexico and Singapore. Rapyd's unique approach allows
ecommerce businesses, marketplaces, technology platforms and others
to offer comprehensive and configurable payment capabilities based
on the favorite ways consumers like to pay locally.
To learn more about Rapyd's card acceptance and full stack
payment capabilities visit https://www.rapyd.net/collect/
About Rapyd
Rapyd is the fastest way to power local payments anywhere in the
world, enabling companies across the globe to access markets
quicker than ever before. By utilizing Rapyd's unparalleled
payments network and fintech as a service platform, businesses and
consumers can engage in local and cross-border transactions in any
market. The Rapyd platform is unifying fragmented payment systems
worldwide by bringing together 900-plus payment methods in over 100
countries. Rapyd's investors include Stripe, General Catalyst, Oak
FT, Tiger Global, Durable Capital, Target Global, and TaL Capital.
To learn more about the company that is accelerating the fintech as
a service revolution, visit www.rapyd.net, read our blog, or follow
us on LinkedIn and Twitter.