This solution allows businesses locally and globally to access every major local payment method, such as cash, bank transfers, ewallets, and cards, through one easy to integrate connection. In collaboration with several payment partners including Visa, Mastercard, Payzone, and ClearBank, Rapyd's all-in-one payment solution facilitates payments locally, and across borders for companies of any size, through one single API, reconciliation process, and contract.
The company’s ‘full-stack’ approach brings every fragmented local payment method in a specific country into a single, integrated connection. Businesses can simply plug in the Rapyd API to provide consumers with a local payment experience, which allows companies located outside of the UK to seamlessly operate in the UK market from anywhere in the world, all through one platform.
Rapyd's full-stack capabilities include:
- Access to UK Faster Payment and BACS;
- IBAN and virtual IBAN issuing;
- Card acquiring and issuing via principal membership with Visa and Mastercard;
- Cash collection and withdrawal;
- ewallet and other payment account issuing;
- Disbursement to bank accounts, ewallets, and other payment methods;
- Access to Open Banking services through the use of Account Information Service Providers (AISP) and Payment Initiation Service Providers (PISP).
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