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Rapyd to waive FX and processing fees for digital payments during COVID-19

Friday 15 May 2020 14:36 CET | News

Rapyd fintech has announced waiving foreign exchange and processing fees on the first USD 100,000 in total processing volume for new clients in the US, Brazil, and Mexico. 

The Rapyd Social Responsibility initiative is available until June 30, 2020, for businesses onboarding the Rapyd platform and who will commit to passing on the fee savings to end-users during their first three months of processing payments. The program will provide relief for end beneficiaries including independent professionals, consumers receiving loans, health insurance reimbursements, among other use cases.

The programme enables gig economy, marketplaces, platform economies, and other businesses to digitise their payment infrastructures. This strategy, that is emerging as the COVID-19 pandemic evolves, enables payouts in over 100 countries and in 65+ currencies, according to the official press release.

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Keywords: Rapyd, FX, foreign exchange, processing payments, digital payments, business onboarding, loans, gig economy, payment infrastructure
Categories: Banking & Fintech | Payments General
Countries: World
This article is part of category

Banking & Fintech