B2B fintech as a service provider Rapyd has announced a new agreement with Visa, which aims to help Rapyd expand its worldwide business operations.
Via this agreement, the companies’ goal is to deliver fintech and payment services where both of them see opportunities to help businesses expand their core offerings with more expansive local and cross-border market solutions. Rapyd will also join Visa’s Fintech Fast Track programs as an enablement partner to drive its speed to market for fintechs through a variety of Visa payment solutions. Rapyd has become a Visa issuer in the UK and plans to expand its issuing and acquiring footprint in other key regions over time.
Moreover, the partnership with Visa will allow Rapyd to instantly issue a virtual Visa card that can be used by a gig-economy worker in Latin America to purchase goods on behalf of the platform, or disburse funds to a worker on a Visa card in Asia-Pacific, all from a single integration on the Rapyd platform.
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