Rapyd has announced a new agreement with Visa to help expand its worldwide business operations.

Rapyd will collaborate with Visa to offer FinTech and payment services where both firms see opportunities to help businesses expand their core offerings with more expansive local and cross-border market solutions.

Additionally, Rapyd will join Visa’s Fintech Fast Track programs as an enablement partner to drive its speed to market for startups 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.

Rapyd's cloud-based platform helps businesses quickly integrate FinTech and payment capabilities into any commerce application.

Sarel Tal, EMEA vice president at Rapyd, noted: “As businesses look for global expansion opportunities they must contend with the complexity of integrating local and cross-border payment capabilities, including collections, disbursements, and card-based solutions.

"Now Rapyd can leverage Visa’s offerings - Visa Direct for real-time funds transfers, Visa Token Services for secure digital payments, and Visa’s issuance capabilities - to enhance Rapyd’s core issuing and acquiring services, unlocking simple, relevant payment experiences for these businesses globally.”

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