Rapyd has launched a new 'full-stack' payment solution in the UK, allowing businesses to access every major local payment method through one connection.

In partnership with partners including Visa, Mastercard, Payzone and ClearBank, the solution facilitates payments locally and across borders through one Application Programming Interface (API), reconciliation process and contract.

The Rapyd Global Payments Network supports more than 900 payment methods in over 100 countries. The company's principal membership in the UK for card-issuing and acquiring with both Visa and Mastercard offers merchants a greater range of capabilities so they can scale faster and simplify their back-office operations, according to a statement.

Sarel Tal, vice president for EMEA at Rapyd, commented: "The idea behind our full-stack offering is simple: provide companies with the capability to accept every major local payment method without having to expend resources to build complex payments infrastructure needed to power FinTech and commerce applications as digital payments accelerate.

"By enabling both disparate local and global payment networks, we are able to provide businesses around the world a way to tap into the growing UK market quickly, while minimising operational costs and managing all local regulatory requirements."

Rapyd's integrated payments network allows online marketplaces, neo-banks, gig-economy platforms and global retailers to access digital, physical and omnichannel payment capabilities including cards, e-wallets, bank transfers and even cash in a single solution.

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