PR92910

SINGAPORE and LONDON, Nov. 9, 2021 /PRNewswire=KYODO JBN/ --

- Rapyd Disburse B2B payout capabilities now spans 200+ countries to help

cross-border platforms streamline payment to distributors, sellers, and

suppliers

- Rapyd's white-label wallet ledgering system facilitates the ability for

leading B2B platforms and ecosystem businesses to easily scale cross-border

buyer and supplier solutions.

Rapyd, a global Fintech as a Service company, today announced new enhancements

to its industry-leading Disburse and Collect Platforms, delivering new

end-to-end infrastructure for B2B firms to pay suppliers and sellers while

getting paid by customers around the world more efficiently.

Rapyd has extended its Disburse platform capabilities across 200+ countries,

enabling organizations to make payouts in leading global trade currencies

including USD, EUR, GBP, and SGD anywhere in the world, along with leading

regional and local currencies. In addition, Rapyd clients can now disburse with

Real-Time Payments (RTP) in 50+ countries across the globe providing more

control and visibility over payout timing.

To further its B2B payment acceptance offering, Rapyd clients can now also use

Virtual Accounts to accept payments in Singapore and Europe to pay in their

locally preferred currency.

"The pandemic accelerated the need of every business large and small to

participate in digital ecosystems for trade, procurement, and labor, whether on

a gig-platform to find and pay workers, a B2B trade platform for supplies, or a

cross-border B2B eCommerce marketplace to sell globally. We can now serve

cross-border B2B firms with the most flexible, end-to-end payments solution

anywhere," commented Joel Yarbrough, Managing Director of Rapyd Ventures and

Vice President of Asia Pacific. "Rapyd's platform is unique in that we can

serve both Enterprises and SMEs, process local and cross-border large ticket

transactions typical of global trade, along with higher velocity, lower ticket

transaction sizes common in consumer and SME payments."

B2B eCommerce on the Web and via marketplaces already generates nearly 4X as

much revenue as its consumer-facing counterpart globally, and B2B eCommerce has

continued growing during the pandemic. The global B2B eCommerce market size had

already been projected to reach $20.9 trillion by 2027, expanding at a 17.5%

Compound Annual Growth Rate (CAGR) from 2020 to 2027, according to Grand View

Research[1].

With Rapyd, B2B buyers and sellers not only have the most payment and payout

methods in Asia and across the world than any other provider, but can now

leverage a single, unified cloud-based solution to service the broadest array

of countries, currencies, business types, and transaction sizes.

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 HC/FT,

Coatue, Tiger Global, Durable Capital, Target Global, Fidelity Management and

Research Company, Altimeter Capital, BlackRock Funds 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.

[1]

https://www.grandviewresearch.com/industry-analysis/business-to-business-b2b-e-commerce-market

Media Contacts:

Headline Media

Raanan Loew

raanan@headline.media

1-347-897-9276

Source: Rapyd