Rapyd Unveils "B2B Payments Infrastructure of the Future" to Support Global B2B Commerce and Trade Platforms
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
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