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April 27, 2020

Rapyd adds more payout features to mass-payout platform Rapyd Disburse

UK-based digital payments firm Rapyd has added new global payout methods to its mass-payout platform Rapyd Disburse to support gig economy and marketplace growth.

The company, which secured $100m funding in October last year, has invested considerably in the Rapyd Global Payments Network in Europe and the Americas.

The company claims that it now offers more payout methods compared to any other payout platform in Asia.

In November last year, the company rolled out a new platform in Singapore integrating all major payment methods.

To allow clients disburse funds more quickly, the company has unveiled a new simplified user interface for clients to onboard.

Rapyd has integrated its expanded core disbursement functionality with its fintech as a service technology stack – Collect, Issuing and Wallet.

The integration, according to the company, will enable businesses to uses a single, unified cloud-based solution that offers a wide range of payment acceptance and disbursement capabilities with reach to over 100 countries.

Rapyd chief product officer Helcio Nobre commented: “In this quickly changing economic environment businesses are looking for a modern disbursement solution that leverages speed-to-market, provides global payout reach and offers flexible technology options to support rapidly changing use cases.

“Enabled through the Rapyd Global Payments Network, Rapyd Disburse gives businesses unparalleled reach and scale providing highly localised payment experiences based on consumer payment preferences.”

Last month, Rapyd partnered with major Brazilian payment providers, including Dock and Banco Rendimento, to launch all-in-one solution in Brazil.

 

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