The last three years have been an incredible ride for Rapyd. In this short period, we’ve established ourselves as a global fintech player, created the Fintech as a Service category and scaled our business across the globe - all as…
Check Out Interviews and Insights from the Singapore FinTech Festival The 2020 Singapore FinTech Festival grew into a global phenomenon, with 40+ events in Fintech Hubs around the world and 5 days of 24/7 online engagement. Rapyd was proud to…
Arik shares his lessons learned in 2020 and how to survive and thrive in 2021. 2020 was a tough year for businesses across industries and around the world. Everyone has faced exceptional challenges and we have had to completely change…
Here’s how to choose the best fraud management software for your company. There’s a reason companies are seeking out the best fraud management systems right now. 2020 saw a massive increase in year-over-year ecommerce sales worldwide. According to an analysis…
Prepare for the coming wave of internet of things enabled payments. The IoT (internet of things) sector is growing by 15% every year, according to payments and banking analysts (Mercator Advisory Group). There are now more connected devices, like fridges,…
Inspiring ways businesses are using PWAs to reach and engage users. Mobile websites are fast, easy and inexpensive to produce, however, the user experience is not as good as that of a mobile app. Developing and maintaining a mobile app…
Use Rapyd’s comprehensive comparison to select the best ecommerce solution for your business needs. Choosing the best B2C ecommerce platform to grow online sales is a key decision for a merchant. However, the number of ecommerce platforms has skyrocketed in…
Do you know the best ecommerce payment methods for growing sales with your shoppers? Here’s how your global audience prefers to pay. The best ecommerce payment methods to offer in your online store often depends on the location of your…
How to use shoppable content to move customers from browse to buy. Thanks to improved technology, connectivity and convenience, more than half of all ecommerce purchases are projected to be made using a mobile device in 2021. (Rapyd) Consumers are…
The biggest threats and strategies to protect your business from fraud in 2021. The digital tsunami of 2020 has forced many companies and consumers to change how they work, make purchases and even socialize – unfortunately fraudsters are successfully taking…
Gain an advantage in any market by enabling different payment methods to meet customer needs and preferences. eCommerce continues to explode around the world in popularity and necessity, and the need for businesses to reach a global consumer audience is…
How to add local and alternative payment options for Wix. If you’re using Wix for ecommerce and want to reach customers across borders, you need a strategy that goes beyond credit card payments alone. Instead, you must offer options for…
Look for Payment Processing Software with These Features To Power eCommerce Growth Having great payment processing software will be critical to merchants who wish to capitalize on the global ecommerce market, which is projected to be worth $5 trillion in…
Instant Payout Solutions for Marketplaces and the Gig Economy In a business climate where workers, sellers and contracts aren’t always local, getting to grips with the best way to make payouts isn’t easy. For businesses working in the gig economy…
Localize Payments to Reach More Customers Nearly 88% of merchants consider international sales essential to their long term viability. Yet only 35% of ecommerce leaders feel fully prepared to handle international transactions. (Visa) To reach new markets, businesses need to…
Merchants Need to Prioritize International eCommerce Fraud Protection Overall retail fraud attempts have more than tripled since 2017. With the rise in international commerce, merchants are increasingly selling cross-border, which brings lucrative sales opportunities, but also increases their exposure to…
FinTech Magazine has Named Rapyd a Best Payment Processor on Their Top 10 Payment Companies List According to FinTech, Rapyd was included because we are “allowing consumers to access one of the world’s largest payment networks featuring over 900 locally-preferred…
How COVID-19 Changed Payment Processing and How eCommerce Businesses can Successfully Adapt So many things have changed this year thanks to the COVID-19 pandemic. Consumers’ needs and expectations are drastically different and businesses need to evaluate their payment processing services…
What You Should Know When Exploring eWallet Payment Solutions Globally, digital wallet payment method adoption is projected to exceed 1.3 billion consumers by 2021, with Asia Pacific and some European markets leading the way. (Fintech News) Smartphones are now…
Protect Your Business While Providing a Great Experience for Customers Worldwide After having more than doubled from 2011 to 2018, global card fraud losses are projected to reach over $40 billion by 2027. (Nilson) Fraud management is a crucial part…
Global Digitization for US Based Companies Is Full of Challenges but Payments Doesn't Have to Be One of Them. Digitization is a vital part of business continuity, even more than new offerings or service expansions. And while global expansion can…
What Makes Some Apps Super? With news coverage of the Ant Group IPO raising awareness of fintech apps throughout Asia, some people might be hearing the term ‘Super App’ for the very first time. The term was originally used by…
Far More than a Security Measure, Tokenization Opens the Door to Unique, Speedy and Hassle-Free Checkout Experiences Security isn’t the only benefit of tokenization. This technology also provides a way to improve customer experiences and power omnichannel payment innovations that…
Subscriptions and Recurring Billing are Transforming Business Models Across Industries Across all businesses, subscription payment models are changing how consumers read, listen to music, manage their fitness, watch television and so much more. What is behind this trend and why…
eCommerce Merchants Need Cash Acceptance at a Variety of Convenient Locations Only 37 percent of Mexicans have a bank account. (Center for Global Development et al.) With ecommerce surging in popularity, partially due to the COVID-19 pandemic, the ability to…
A Guide to the ACH How does an Automated Clearing House work? The Automated Clearing House (ACH) system is a network of financial institutions that facilitates transactions between bank accounts. Managed by the National Automated Clearing House Association (NACHA), the…
The Challenge of Cross-Border eCommerce There is nothing that strikes more fear (and frustration) into an ecommerce manager’s heart than discovering that a big portion of their hard-won visitors jumped ship right before completing the sale. As more businesses are…
Accept Local Payment Methods in Shopify with the Rapyd Shopify Payments Plugin The ecommerce platform Shopify is an excellent choice for businesses looking to sell internationally and boost their global trade. While Shopify offers its own payment solution, you can…
Consumers’ Pandemic-Related Aversion to Cash and Coins has Fundamentally Shifted Global Payment Preferences According to Rapyd’s research, in 2020, consumers formed new preferences for payment methods that don’t make them touch card readers, manually key PINs, touch device screens, or…
The Easy-to-Understand Guide to Using and Implementing 3D Secure 3D Secure is a method of authentication set up to protect you from the unauthorized use of cards for online payments. Created by Visa (‘Visa Secure’) and MasterCard (‘MasterCard SecureCode’), it…
Your Guide to Growing Cross-Border Sales, Increasing Cart Conversions and Successfully Navigating the South Korea Payment System With over 80% of its population using the internet,1 South Korea is the third-largest retail ecommerce market in APAC following China and Japan.…
How Do Credit Card Payments Work for Merchants? When most people think of credit card payment processing, they think of a card scheme, which is a payment network that uses cards, like Visa or Mastercard. But completing a successful credit…
Australian online purchases soared by more than 85 percent in August, compared to the same time last year1 Australia Post, which is hiring more than 4000 extra staff to keep up with demand, delivered to eight million households between March…
Accept Local Payment Methods in WooCommerce from 100+ Countries with the Rapyd Payments Plugin If you’re looking to grow your business’s reach across international markets, adding custom payment methods in WooCommerce is an important step. The Rapyd Payments Plugin for…
Understanding PCI compliance is essential for any business that accepts card payments, but what is PCI Compliance? PCI DSS (Payment Card Industry Data Security Standard) is a set of standards established by the PCI Security Standards Council with the aim…
Brazilian Payment Preferences Driving Sales For Online Merchants Analysts have long eyed Brazil for its potential to host a Latin American ecommerce boom. Brazil is showing signs it can deliver on this promise by reforming its financial sector to create…
Select the Right Solution to Drive Digital Transformation B2B customers increasingly expect the same benefits they enjoy when making online purchases in a B2C context. According to a recent article in the Drum, “With customers’ growing familiarity with technology and…
Choose the Best Acquirer for Accepting Credit Card Payments in Europe Merchants looking to expand into Europe need to offer customers the methods of payment that they prefer and trust. Although each country displays its own unique preferences and behaviors,…
Pay Attention to the Fastest Growing Area of eCommerce When it comes to ecommerce, mobile is the place to be and effective in-app payment solutions are critical to success. Not only is mobile experiencing the fastest growth rates, but it…
Simplify B2B Digital Transformation With The Right Solution 86% of B2B buyers prefer self-service portals to speaking with a sales rep.1 For businesses, this is an opportunity to improve efficiency and accuracy, enhance customer experiences and develop new markets. eCommerce…
The payments landscape is evolving because of fintech advances and the ever-shifting sands of consumer habits. From COVID creating an uptick towards contactless payments by customers, to voice commerce on devices like Alexa — here’s five payment trends to watch.…
With More Business Taking Place Remote and Online, Your Ability to Send Payouts Is Just as Important as Your Ability to Accept Payments Today, many accounts payable departments rely on outdated systems and processes to make cross border payouts. By…
COVID-19 Isn’t the Only Thing Shaking Up the World of B2B eCommerce B2B ecommerce is growing nine-times faster than all U.S. manufacturing and distributor/wholesaler sales.1 Broad factors are at play above and beyond the impacts of the virus. The growing…
B2B Payments Explained The B2B payment landscape is evolving rapidly. As more businesses shift to digital selling, it’s important for merchants to understand the B2B payments ecosystem and its challenges and opportunities. With digital transformation ramping up, it’s also a…
Secure Payment Processes: The Cornerstone to Protecting Valuable Business and Customer Data As the number of transactions, customers and payment methods used online and in-store increases, merchants need to protect their businesses and their customers with secure payment processing. Cybercriminals…
What Is eCommerce Live Stream? In 2020 ecommerce live stream sales now account for 4% of total online retail sales in China and about 1% of total retail sales.1 These ‘infomercials rebooted’ are a form of online browsing and buying…
Personalizing Your eCommerce Payments Process Is Key By personalizing your customers' ecommerce payments experience and rethinking key elements of the checkout process, you can optimize sales conversion rates and create a friendlier and easier-to-use experience for your shoppers. One Size…
For eCommerce Success, Give Your Customers What They Want A bedrock truism for business success is to “give the customer what they want.” This idea definitely applies when it comes to choosing the best international online payment system. In fact,…
Drive International Success with Local Payments Businesses are no longer limited by physical borders. Understanding customers’ payment preferences and offering local payment methods creates an optimal checkout experience that increases sales. This guide looks at how culture, behavior and available…
Startups Must Improve Their Digital Payout Abilities to Attract the Best Global Talent High performers are 400% more productive than average workers according to a recent study of more than 600,000 professionals.1 For startups, that’s a productivity statistic that shows…
For European Merchants, It’s Time to Embrace a “Cards Plus” Strategy for Online Payment Methods When it comes to modern ecommerce and European payment methods, more is more. Cookie-cutter approaches that offer a limited number of payment options for ecommerce…
The Future of Commerce is Mobile Every day shoppers around the world are choosing to pay for their everyday items with the mobile devices in their hands in place of the cash and credit cards in their wallets. Thanks to…
Need to Improving B2B Cash Flow? Here Are the Pros and Cons of Early Payment Discounts and an Alternative Most Businesses Overlook It is impossible to overstate the importance of strong cash flow to the health of a B2B business.…
Local Payments Are Becoming One of the Top Digital Transformation Trends in Retail in 2020 Since the COVID-19 pandemic, business models for retailers and e-tailers have changed overnight. In response, businesses must adopt digital transformation strategies that improve their ability…
Rapyd conducted a survey online in August 2020 to determine how the COVID-19 pandemic had impacted US consumers’ preferences for cash and digital payments. We found that consumers are more eager than ever for merchants to adopt digital payment methods.…
The Power of Local Payments In A Global Market eCommerce isn’t just becoming more global, it’s also becoming more local than ever before. Your company’s website is an essential place to both localize the shopping experience and optimize the checkout…
Understand and Simplify Payment Compliance to Protect Your Business and Customers With the surge in global eCommerce, it's more imperative than ever for online businesses to protect their revenue, reputation and customers. It's important to understand payment processing compliance, but…
Offering Local Payment Methods Online Helps Merchants and Marketplaces Stand Out The world is experiencing a tectonic shift in how people live, work and shop — with businesses across the globe scrambling to adapt. In this tough climate, businesses with…
Businesses Need to Accept Local Payment Methods in India to Meet Consumer Preferences To secure a foothold in the $36.5 billion1 Indian ecommerce market, digital commerce leaders need to offer a range of payment options. Even before the offline-to-online shift…
Mexico’s Payment Methods that Local and Cross-Border Merchants Can’t Overlook With 127 million1 inhabitants, Mexico is the 10th most populous country in the world—and many of those people still haven't fully embraced online shopping. But with an annual growth rate…
India is home to the highest consumer ecommerce growth rate in the world.1 This market has seen explosive adoption of digital money and smartphones over the last five years2 and the Covid-19 pandemic has further accelerated this trend. The government…
In Mexico, government programs are improving internet connectivity, driving the adoption of digital payment methods and growing smartphone use at the fastest pace in Latin America. While buying habits are shifting quickly, payment preferences are slower to change. A considerable…
As an international B2B business, your ability to accept and make commercial payments can be a growth-limiting factor. The B2B payments industry is fragmented, making it hard for businesses to access the payment capabilities they need with seamless, cohesive user…
Companies that Traditionally Relied on Cards Must Accept Mobile Payments or Risk Being Left Behind US consumers are more eager than ever for merchants to accept mobile payments, ewallets and other alternative payment methods. Merchants that enable customers to pay…
France is one of Europe's top online markets for fashion. French consumers favor credit cards, though their preferred payment methods vary based on what they're buying. Any company expanding into France should be prepared to offer all preferred local payment…
A Market in Flux Creates Opportunity for Businesses that Quickly Adapt to Changing Consumer Behaviors. Between Brexit and the coronavirus pandemic, the United Kingdom is in a moment of massive economic upheaval. U.K. consumers across Britain, Northern Ireland, Scotland, and…
For marketplaces looking to receive payment from customers or pay their sellers locally or overseas, the ability to easily collect and disburse funds in your user’s preferred method is a constant challenge. With global growth comes new regulatory, compliance and…
The coronavirus pandemic means we still don't really know for certain how Brexit is affecting ecommerce. However, if what's happening during the COVID-19 pandemic is any indication, ecommerce is alive and growing in the U.K.1 As physical stores shuttered, ecommerce…
Opportunity abounds in Eastern Europe for ecommerce merchants who adapt their sites to local ecommerce and payment norms. The idea of Central and Eastern Europe (CEE) as a cohesive region is a misnomer. In many ways, the only similarities shared…
Meet the Innovators Transforming Fitness and Get Tips for How You Can Too The global digital fitness market will be valued at almost $30 billion by 20221. Digital fitness companies around the globe are growing by offering on-demand content services…
Platforms that Don’t Offer Real-Time Payments are at Risk of Losing their Sellers and Gig-Workers. Globally, 85% percent of gig economy workers would work more often if they could get paid faster, according to a recent analysis by PYMNTS.com.1 Gig…
Global cross-border shopping will make up 17% of ecommerce by 2023, with sales of $736 billion globally, according to an eShopWorld report1. Given these estimates, global cross-border ecommerce opens up significant growth potential for businesses. Four billion people have the…
Sending Remittances Overseas Looks Very Different Today than It Did a Few Months Ago As COVID-19 restrictions persist around the world, international remittance companies have had to adjust. For years many people have relied on using cash to fund remittances…
This is the third in a series on the impact of COVID-19 on the digital economy. For more, please read Defying the COVID Economy: These Industries Thrive During the Economic Downturn There’s no denying that the COVID-19 pandemic has done…
This is the second in a series on the impact of COVID-19 on the digital economy. For more, please read Defying the COVID Economy: These Industries Thrive During the Economic Downturn The economic damage caused by the COVID-19 pandemic has…
The COVID-19 pandemic has made ecommerce an even more entrenched part of how we shop, buy and access products for daily needs. This effect is felt most in fast-growing ecommerce markets that were already experiencing large-scale shifts in consumer behaviors.…
According to Gartner, “Application leaders responsible for payments can optimize customer experience and save time and money by asking payment vendors 12 key questions.1” Consumers are increasingly demanding frictionless, fast and easy online payment experiences. Current global conditions have accelerated…
The COVID-19 pandemic has disrupted the global economy in startling ways. In the U.S. alone, nearly 17 million new people filed for unemployment in a three week period, and first-time claims have gone up 3,000% since early March. As a…
We are entering the fourth industrial revolution1: artificial intelligence, robotics, and connected societies are powering new businesses that leverage the broader opportunities of the diverse, global workforce. Platform, marketplace, and gig-economy business models are taking advantage of workers and supply…
eCommerce shopping cart abandonment is roughly 70%, according to an analysis by the Baymard Institute. The good news is that many of the factors driving customers away are entirely in your control. For instance, 34% of shoppers abandoned checkout when…
With the global COVID-19 Pandemic impacting every industry, innovative ecommerce leaders are looking for ways to grow while meeting consumers’ rapidly changing needs. Many digital content and digital subscription companies are seeing a global increase in demand and are eyeing…
Rise of Super Apps: The Next Wave Will Be Led by Innovators Who Integrate Fintech into Applications Marketplaces, social media apps, and gig-economy platforms in Asia are adding fintech to their offerings to create new sources of revenue and take…
The island nation of Indonesia is home to more than 200 ethnic groups1. With the world’s fourth-largest population and a GDP of over $1 trillion2, this archipelagic country boasts the biggest economy in Southeast Asia – a region brimming with…
Brazil offers ecommerce leaders lucrative opportunities in the largest eCommerce market in Latin America1. Understanding how Brazilian consumers engage in digital commerce and how they prefer to pay is absolutely vital to capturing and growing business. Online marketplaces, digital goods sellers…
Germany can be a challenging market for international ecommerce companies. It’s citizens favor German-made products — due in part to domestic companies' deep cultural understanding of their clientele. Companies looking to enter this market or succeed with cross-border sales need…
The spread of the Coronavirus (COVID-19) has caused the World Health Organization to increase its risk impact alert from “high” to “very high.” This should serve as a reality check for businesses to get ready. According to Reuters, the brakes…
Payment fraud is a global problem. In Europe's single Euro payments area (SEPA), annual losses owing to card fraud are approaching €2 billion. Across the Atlantic, the United States' Federal Trade Commission says it collected 1.4 billion fraud reports in…
eCommerce sales ballooned to 691 billion1 Euros across Europe in 2019. While Europeans are united in their growing adoption of ecommerce, their preferences vary wildly when it comes to how they like to pay. European consumers demand trusted local payment…
When businesses seek fast-growing markets, they often think of Asia. But Latin America is a compelling choice for businesses with the know-how to meet local consumer payment preferences. Economic volatility and political unrest in countries, like Venezuela, tend to dominate…
A boom in local payment methods over the past decade has led to much talk of a cashless future, but digital businesses that avoid cash are missing out on a massive market opportunity. According to the World Cash Report by…
If you’re processing recurring payments or disbursements in the US, your most reliable, consistent and cost-effective option remains ACH. But not all ACH solutions are created equal. The Automated Clearing House (ACH) system is simply the most prolific payment network…
The Asia-Pacific region accounts for nearly two-thirds of global transactions. To successfully tap into this market, ecommerce leaders must look beyond cards and popular ewallets like Alipay and WeChat Pay. “Too often, merchants and retailers enter APAC thinking that offering…
For ecommerce companies, marketplaces, and gig-economy platforms looking to expand in Asia, few countries compete with Singapore's combination of affluent consumers and digital infrastructure. Digital adoption and usage among Singapore’s citizens and government efforts to transition to a cashless economy…
When Rapyd CEO Arik Shtilman ventured into fintech in 2016, he had just sold his cloud computing company and knew little about the world of payments. As a serial entrepreneur, Arik had valuable experience building high-growth technology companies that scale. Since 2016,…
In the wake of the very exciting news surrounding our recently announced Series B fundraising with Stripe, General Catalyst, Target Global and others, I’ve been reflecting on how we got here and thinking a lot about what Rapyd is looking…
Digitization Is Transforming the International Money Transfer Market The remittance business looks unusual on paper – it requires highly regulated licenses, expensive processing fees, and is usually based on small individual transfers. And yet, remittances came to a grand total…
Global eCommerce sales are on track to hit 4.13 trillion USD by 2020, driven by transactions from more than 2.1 billion buyers around the world. While most top-tier markets like North America and the UK are relatively consistent when it…
Regulators around the world are leaving no stone unturned in a renewed effort to ensure anyone doing business across borders abides by Know Your Customer (KYC) guidelines, forcing merchants and payment facilitators to absorb the costs of more detailed customer…
In 2018, the UK personal lending market exceeded £200b in size, the largest it’s been since 2008. In fact, personal lending is on the rise around the world, and figures from TransUnion suggest fintech and online lending solutions may be…
Gig economy platforms like TaskRabbit and Lyft have made an explosive impact on the US labor market, but financial fragmentation challenges in overseas markets pose a threat to any ambitions they might have for international expansion. As the North American…
The UK’s digital banking challengers have been snatching up market share for years, leading to massive funding packages and sky-high valuations. The excitement’s been enough to inspire a long list of hopefuls looking to claim their corner of the fintech…
Since 2015, the Asia-Pacific e-commerce market has seen explosive growth thanks to some of the highest consumer technology adoption rates in global history. It’s estimated that APAC will drive 62.75% of the world’s $3T billion e-commerce market by the end…
Commercial enterprises can rarely establish a payment delivery platform alone. Here’s how Rapyd’s FinTech-as-a-service solution can help. It’s not easy for small businesses and e-commerce startups to find their footing in today’s digital payment ecosystem. Every FinTech company — from…
