This solution will enable them to serve customers staying at home while reducing their costs, as Singapore battles the COVID-19 pandemic. Rapyd’s Solidarity initiative includes a full fee waiver (i.e. 0% Merchant Discount Rate and zero transaction fees) on the first SGD 100,000 in processing volumes for all newly onboarded merchants until the end of June 2020. The programme is meant to provide meaningful support to startups, small businesses, non-profit organisations responding to the virus, however the fee waiver will be available to all Singapore-registered businesses.
This initiative’s purposes aim to:
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