November 8, 2019Blog Posts

Rapyd unveils Singapore platform to help firms go cashless

Finextra

Rapyd, a global Fintech-as-a-Service company, announced its partnership with key players of Singapore’s payments ecosystem to provide a single “Singapore Platform” to enable businesses to go “cashless”, in line with the country’s vision of becoming a smart digital nation and a center for Fintech innovation.

The launch of the Singapore Platform leverages Rapyd’s Fintech-as-a-Service infrastructure to facilitate the movement of funds in real-time, including enabling both instant collections and payouts for both consumers and businesses, either domestically or overseas, within Rapyd’s Global Payment Network, a network of over 900 payment types across 100+ countries.

This single platform simplifies the process of offering customers their choice of payment methods and reduces the cost of addressing the current fragmentation in the market, ensuring customers see the payment methods they want, but without burdening merchants and online businesses with integrating multiple times with many providers.

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