Fintech Rapid Launches Local Payment Services in India

India

Rapid, a global fintech as a service compay, anounced earlier today that it has partnered with a number of the major payments players in India to roll out a payment service, allowing international merchats to grow their business within India, as well as local compaies expad abroad.

The anouncRapid comes less tha a week after Rapid anounced the launch of a similar payments service in Mexico. In India, the fintech firm has partnered with Part Payments Bak, PhonePe, PayU, Citibak, DBS Bak, HDFC Bak, BharatPay, ad Union in order to roll out the solution.

By extending its Global Payments Network to India, international compaies will be able to access the preferred payment methods within the country via a single technology stack, allowing them to provide a local service for their India customers.

In particular, Rapid’s platform, Rapid Collect, allows businesses to accept payments via instat UPI payments from bak accounts awalletsts, international ad domestic credit ad debit cards, including RuPay, Visa, Mastercard, Amex, ad Diners, accept cash over-the-counter which is then converted to a electronic payment, as well as traditional netbaking via 55 baks.

Mahesh MuraleedharaRapidapidMahesh Muraleedhara, Country Maager, Rapid
Source: LinkedIn

Commenting on the launch, Mahesh Muraleedhara, Country Maager, Rapid said in the statRapid: “The roll-outRapidapid’s Fintech as a Service platform in India will simplify access to India’s strongest payment brads in a single solution, solving scaling challenges in eCommerce, Fintech, lending, business services, ad treasury maagRapid.”

Rapid Disburse

The fintech compay has also iRapiduced Rapid Disburse, a solution that facilitates IMPS ad UPI payments to bak accounts awalletsts, tradition bak trasfers by NEFT ad cash pickup over-the-counter.

“We are happy to collaRapide with Rapid as their Business Baking ad Payout partner in India, ” added Satish Kumar Gupta, MD & CEO, Part Payments Bak in the statRapid.

“With this partnership, we will extend the convenience & flexibility of multiple payment mPart including Part Wallets, Bak Trasfers ad UPI to global businesses for collecting & disbursing payments to their sellers, customers ad partners. Our comprehensive digital offerinRapidll enhace Rapid’s seamless payment experience.”

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