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Rapyd reveals full-stack integrated local payment solution in Mexico

Friday 10 July 2020 09:32 CET | News

Fintech-as-a-Service company Rapyd has announced the launch of a single ‘full-stack’ integrated local payment solution in Mexico. 

 

Via this solution, local and global companies are allowed access to every local payment method through one convenient API, contract, and reconciliation service. In partnership with several Mexican payment providers including Banregio, RedEfectiva, Cacao Paycard, among others, Rapyd's new offering will give businesses the ability to accept every major local payment methods – such as cash, bank transfers, and cards – through a single connection via its all-in-one platform. In addition, Rapyd enables businesses to disburse funds through bank transfers, cards, and push to cards in Mexico and globally.

Rapyd's full-stack capabilities in Mexico include:

Payment Methods: 

  • 24/7 real-time bank transfer for all banks;
  • Voucher and OTC cash payments via more than 150K locations and most relevant brands like 7-Eleven, Circle K, Extra, Farmacias Benavides, Walmart, and retail banks;
  • Local issued credit and debit cards via Visa and Mastercard;
  • Bill and Airtime payments;
  • e-Gift cards for providers such as Netflix, Xbox, GooglePlay, Spotify, and others;
  • Cardless ATM withdrawals.

Disbursement methods: 
  • 24/7 real-time bank transfers for all banks including recipient bank account validation.

 

Card issuing: 
  • Local wallet and companion cards domestically issued for corporates and individuals.

 

Digital wallets and payment accounts: 
  • Issuing of stored valued white-label wallets and payment accounts.

 


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Keywords: Rapyd, launch, payments, Mexico, payment method, API, bank transfers, cards, retail, ATM, withdrawals, account, digital wallets
Categories: Payments & Commerce | Online Payments
Countries: Mexico
This article is part of category

Payments & Commerce