Rapyd has announced the expansion of its card-acquiring service to the Singapore market.
The solution will enable local businesses to offer a variety of payment options as part of the company’s Fintech-as-a-Service software. This card-acquiring service allows businesses to accept payments via debit and credit cards, digital wallets, and bank transfers, along with facilitating cross-border transactions to over 190 countries through the Rapyd Global Payment Network. It supports more than 900 payment methods in over 150 currencies.
The product is designed to assist local businesses navigating the complexities of the payments ecosystem, especially those that require multiple payment methods, including sectors such as gaming, pharmaceuticals, online travel, and online marketplaces.
As Singapore moves toward integrating digital payments, it will be the first country in the APAC region to utilize Rapyd, gaining access to instant payments, virtual accounts, and FX solutions as part of the company’s offerings.
Arik Shtilman, CEO and co-founder of Rapyd, expressed pride in bringing their world-class card-acquiring capabilities to Singapore. He 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.”