Rapyd, a fintech-as-a-service company, announced a major expansion of its European platform, adding end-to-end card acquiring capabilities to its payments capabilities.
Rapyd now offers a 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 Rapyd platform offers an easy 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.
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.”
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.
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