- Rapyd Disburse B2B payout capabilities now spans 200+ countries to help 
cross-border platforms streamline payment to distributors, sellers, and 
suppliers 
- Rapyd's white-label wallet ledgering system facilitates the ability for 
leading B2B platforms and ecosystem businesses to easily scale cross-border 
buyer and supplier solutions. 

Rapyd, a global Fintech as a Service company, today announced new enhancements 
to its industry-leading Disburse and Collect Platforms, delivering new 
end-to-end infrastructure for B2B firms to pay suppliers and sellers while 
getting paid by customers around the world more efficiently. 

Rapyd has extended its Disburse platform capabilities across 200+ countries, 
enabling organizations to make payouts in leading global trade currencies 
including USD, EUR, GBP, and SGD anywhere in the world, along with leading 
regional and local currencies. In addition, Rapyd clients can now disburse with 
Real-Time Payments (RTP) in 50+ countries across the globe providing more 
control and visibility over payout timing. 

To further its B2B payment acceptance offering, Rapyd clients can now also use 
Virtual Accounts to accept payments in Singapore and Europe to pay in their 
locally preferred currency. 

"The pandemic accelerated the need of every business large and small to 
participate in digital ecosystems for trade, procurement, and labor, whether on 
a gig-platform to find and pay workers, a B2B trade platform for supplies, or a 
cross-border B2B eCommerce marketplace to sell globally. We can now serve 
cross-border B2B firms with the most flexible, end-to-end payments solution 
anywhere," commented Joel Yarbrough, Managing Director of Rapyd Ventures and 
Vice President of Asia Pacific. "Rapyd's platform is unique in that we can 
serve both Enterprises and SMEs, process local and cross-border large ticket 
transactions typical of global trade, along with higher velocity, lower ticket 
transaction sizes common in consumer and SME payments."

B2B eCommerce on the Web and via marketplaces already generates nearly 4X as 
much revenue as its consumer-facing counterpart globally, and B2B eCommerce has 
continued growing during the pandemic. The global B2B eCommerce market size had 
already been projected to reach $20.9 trillion by 2027, expanding at a 17.5% 
Compound Annual Growth Rate (CAGR) from 2020 to 2027, according to Grand View 
Research[1]. 

With Rapyd, B2B buyers and sellers not only have the most payment and payout 
methods in Asia and across the world than any other provider, but can now 
leverage a single, unified cloud-based solution to service the broadest array 
of countries, currencies, business types, and transaction sizes. 

About Rapyd

Rapyd is the fastest way to power local payments anywhere in the world, 
enabling companies across the globe to access markets quicker than ever before. 
By utilizing Rapyd's unparalleled payments network and fintech as a service 
platform, businesses and consumers can engage in local and cross-border 
transactions in any market. The Rapyd platform is unifying fragmented payment 
systems worldwide by bringing together 900-plus payment methods in over 100 
countries. Rapyd's investors include Stripe, General Catalyst, Oak HC/FT, 
Coatue, Tiger Global, Durable Capital, Target Global, Fidelity Management and 
Research Company, Altimeter Capital, BlackRock Funds and Tal Capital. To learn 
more about the company that is accelerating the fintech as a service 
revolution, visit www.rapyd.net, read our blog, or follow us on LinkedIn and 
Twitter.

[1] 
https://www.grandviewresearch.com/industry-analysis/business-to-business-b2b-e-commerce-market


Media Contacts:
Headline Media
Raanan Loew
raanan@headline.media 
1-347-897-9276

 
Source: Rapyd