Americans spend billions of dollars every Small Business Saturday, and the right checkout experience and small business payment processor can make all the difference. In an effort to give small businesses a boost during the holiday season, Small Business Saturday…
Artificial Intelligence/Machine Learning (AI/ML) is an Area of Great Interest and Opportunity for Fintech Developers. Rapyd’s State of the Global Fintech Developer Report investigated the experiences and opinions of fintech developers in a survey of 500+ developers worldwide. Not only…
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…
With a growing eCommerce market, businesses using the top payment methods in Spain will gain an edge in Spain and improve their global presence too. Spain has one of the biggest economies in the EU and at a projected 12.6…
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Now, any company can be a financial services company. Fintech as a Service (FaaS) allows for any company to use fintech APIs to embed financial capabilities into their existing applications, products and services. FaaS solutions include white-label ewallet platforms, card…
When building apps, fintech developers prefer Python and C, want improved documentation, and rely on top cloud services. What's one of the most prized resources for fintech devs? The landmark study revealed that 56% of respondents reported solid documentation was one…
Here's how open banking in fintech is reshaping the global financial sector. For years, merchants and individuals dealt with the complexities of legacy banking operations. Lack of transparency, accessibility and lengthy bank processes pose numerous challenges. Each financial product and…
Fintech developers are spending significant time building special tools for their needs to keep up with the rapidly evolving payments space. This is just one of the findings revealed by S & P Global Market Intelligence’s recent study in conjunction…
Here's How Judges Choice Hackathon Winner Dominic Lupo Created A No-Code Fintech Web App. Domingo Lupo, a fintech CTO from Milan, Italy, was normally too busy with his work to participate in any hackathons, but Rapyd’s Fintech Hackathon stopped him…
Our original research with 451 Research on The State of the Global Fintech Developer shows new trends with developers are increasingly collaborative, optimistic about industry in 2021. Fintech is transforming global finance, and fintech developers are making this all possible.…
Looking to get started with Rapyd but unsure of where to start? Get answers to the most common frequently asked questions our new customers and prospects have about accepting payments with Rapyd before creating your account. Whether you're starting your…
Learn how to select the mass payout platform to streamline your digital disbursements globally. What is a Mass Payout Platform? A mass payout platform allows you to quickly and easily make a batch payout. This platform can help you streamline…
Grow global sales and build a loyal customer base with the ecommerce solution that fits your business. You've heard of Shopify, but could Ecwid be the better ecommerce solution for you? While Shopify is one of the top names in…
Card-issuing APIs make it easier to issue cards, creating an improved experience for your customers, and greater accessibility and control for you. What are Card Issuing APIs Card-issuing APIs (Application Programming Interface) are used by businesses of all sizes to…
Christopher’s Innovative eWallet Shows Malaysian Innovation Despite never having participated in a hackathon before, Christopher Ket Yung Chee beat out over a thousand participants to be selected as the Rapyd's Fintech Hackathon Winner for the Asia Pacific (APAC). From Kota…
Learn how the right international mass payments solution can drive loyalty and simplify payouts. Making international mass payments is far from simple. Thankfully the payments landscape is quickly evolving to make global mass payments quicker, more secure, and easier than…
Learn how to Select the Best Ecwid Payment Gateway Plugin to Make the Most of your Store. If you’re planning on using Ecwid as a platform for your ecommerce business, make sure you can reliably and securely accept payments. This…
Discover the ROI of Implementing Rapyd Fintech as a Service. Download the Forrester Consulting Report.
Meet Avi Wolicki, the Winner of Rapyd Hackathon Circuit 2 What did Avi, a Cyber Security expert, think when he came across the Rapyd Formula 0001 Grand Prix Hackathon? “Looking over the resources, and [seeing] the ideas that were flowing…
Learn How to Choose the Best Wix Payment Gateway Option for Your Business. Using Wix for ecommerce? Then you’ll need a reliable way to accept payments from your customers, wherever they reside. If you’re just getting started accepting payments on…
Learn how doing payment disbursement right supports effective business management and good working relationships. Disbursing funds around the world is increasingly complexity and involves a complicated network of disparate systems and processes. By choosing the right payment disbursement solution, organizations…
How did Ryan May, a Solutions Architect from Toronto Canada, react to his team’s hackathon victory? “Holy S***!” After learning that they had won the Rapyd Grand Prix Hackathon, Ryan and teammate Betsy Berger hugged and cried with joy. They…
Card issuing drives loyalty, retention in today’s financial services landscape. Did you know that in the U.S. cards are used for almost half of all e-commerce transactions? [JP Morgan]. Worldwide, cards are a key part of a customer's financial experience,…
Know what key factors to consider when choosing a payment gateway for WooCommerce credit card processing. Many customers have experienced the frustration of trying to make a purchase and getting to checkout -- only to realize that a merchant does…
Learn what you should look for in a WooCommerce payment gateway to grow your cross-border sales and make the most of global ecommerce. Choosing the right WooCommerce payment gateway is fundamental in achieving more growth by making the online payment…
European merchants need a payment strategy for their Wix store that supports scalable cross-border growth, and provides customers with their desired payment methods. For this reason, the best Wix payment gateway providers must support a wide variety of payment methods…
Learn the pros and cons of the official WooCommerce payments extension to determine if it’s right for you. WooCommerce is an ecommerce plugin designed for merchants who have WordPress websites. The base product is free and has thousands of extensions…
As a merchant, you need to be able to accept payments globally with the peace of mind that your Shopify payment processing solution will protect your business and the customers. eCommerce platforms, such as Shopify, have enabled merchants to establish…
Learn the pros and cons of the new Wix payments option to determine if it is the right payments product for your business. Website provider Wix recently launched its own in-house payments gateway, which can be used in addition to…
Transacting in Europe? Avoid these common mistakes when choosing cross-border and international payment processors. If you're an ecommerce business looking to trade throughout Europe, there’s more to accepting international payments than simply finding the right payment processor. You need to not…
Know what to look for in a payment gateway & which ones are the top payment gateways and payment systems in the European Union and across Europe A payment gateway is a crucial component of payment processing for merchants. It…
Choose the right credit card processor to make accepting international payments in Europe simple and easy. Customers making purchases online have come to expect that they will be able to pay using their credit or debit card — no matter…
Improve your checkout experience to increase revenue and succeed in a global market With ecommerce continuing to boom in a global landscape where consumers want the ease and convenience that digital transformation brings, ecommerce platforms like Shopify have an incredible…
Although the wallet isn't intended for payments, it will still greatly expand digital commerce possibilities across Europe as identity verification processes get quicker, simpler and more secure. On June 3, the European Commission revealed their plans for a European Union…
Here in Brazil, we say that when you join fintech and e-commerce, you become addicted to it. That’s exactly what happened to me when I joined Fintech 8 years ago - and I have not looked back. Fintech and eCommerce…
Save your customer card details for future use. Credit cards account for 41% of online transactions and are prevalent in ecommerce markets in Europe and the Americas. For instance in Mexico, card payments account for 45% of all transactions, totaling…
Discover how digital wallets are used in Europe - and how they are reshaping commerce. In the last three years, the transaction value of European digital and mobile payments increased by over 30%. These payment methods are continuing to rise…
Learn how to complete a card payment with 3DS verification. 3D Secure is a card acceptance protocol that offers a liability shift that protects your business from chargebacks in the event of a fraudulent transaction. 3D Secure is required to…
A Magento free and paid platform comparison guide. Magento Open Source is a completely free platform that gives merchants useful tools for marketing, search engine optimization, and product management. Magento Commerce represents a much higher level of ecommerce capabilities and…
Reduce the costs of global money transfers and power your business expansion. Remote work has become so popular that it’s common for businesses to need to make international money transfers to pay remote workers. However, whether it’s to suppliers, gig…
Learn how marketplaces are transforming financial services - and how you can benefit. The marketplace business model is responsible for the growth and success of tech giants like Amazon, Alibaba and Etsy. Now this business model is set to disrupt…
Virtual cards are a powerful tool to build loyalty, pay remote workers and power innovative commerce experiences. Global card issuing is complex. A successful program requires a country-by-country implementation approach. Rapyd recognizes how complicated the payment industry is and how…
Use Rapyd Checkout to create a cross-border hosted checkout page. Customers abandon shopping carts at an alarmingly high rate due to hidden costs, extra steps, and unavailable payment methods. On average, 77.73% of all online shoppers worldwide abandon their carts.…
Learn how secure online payment processing protects your customers and business from risk and fraud. Fraudsters are on the lookout for vulnerabilities they can use to access systems and steal data. Yet shoppers still need to be able to complete…
Shopify and Wix both make it easy to build an online store, but which platform is right for you? Shopify vs Wix? Shopify is a hosted ecommerce platform that allows you to easily create an online store without coding. Wix…
An ecommerce platform comparison guide. Shopify vs WooCommerce: it’s a comparison many merchants explore as they seek to grow sales and revenue. Use this side-by-side comparison of the popular ecommerce platforms to decide which one is right for your online…
Discover the ROI of Implementing Rapyd Fintech as a Service. Download the Forrester Consulting Report.
An ecommerce platform comparison guide. Magento vs WooCommerce. Many merchants are asking themselves which option to choose as they seek out the best ecommerce platform. Here’s a side-by-side comparison of Magento and WooCommerce to help you make up your mind.…
Merchants must be able to offer and process the payment methods preferred by their customers. Businesses need to invest in payment processing services that address the expectations of their customers today and in the future. There are a number of…
Discover the ROI of Implementing Rapyd Fintech as a Service. Download the Forrester Consulting Report.
Discover the ROI of Implementing Rapyd Fintech as a Service. Download the Forrester Consulting Report.
Learn why fintech APIs are driving an explosion of new business models, and how you can leverage APIs to power innovation. Fintech APIs (application programming interfaces) are transforming an industry historically resistant to change. Their increasing adoption and use throughout…
B2B ecommerce owners are finding that digital commerce is just as critical or even more critical to them than to B2C companies. Today’s B2B buyers are more likely to educate themselves, find solutions and buy online. The global B2B eCommerce market…
Go global by presenting local payment options at checkout. Credit cards are one of the most popular payment methods for ecommerce, used in 41% of online transactions, most commonly in longstanding ecommerce markets, including Europe and the Americas. (Global Data)…
Unlock the full potential of these 8 APAC nations by understanding consumers’ preferred payment methods. This post covers payments and e-commerce insights in: India Indonesia Japan Malaysia Singapore South Korea Taiwan Thailand Southeast Asia has emerged as the roaring lion…
An ecommerce platform comparison guide. Magento vs Shopify: it’s a choice many merchants wonder about as they seek out an ecommerce platform to support sales and revenue ambitions. Here’s a detailed look at what both platforms offer. What are Shopify…
The cross-border payments landscape in Latin America. Accepting and sending cross-border payments in Latin America can be challenging for international merchants. Four of the world’s top 10 countries with the lowest bank account adoption are in Latin America and there…
Payment processing services have come a long way since the days of ‘cash or card?’. Here’s everything you need to know about accepting online payments. From credit cards to technologies like digital wallets and real-time bank transfers, these days consumers…
Omnichannel ecommerce and supply chain innovation. eCommerce has grown rapidly worldwide. In fact, from 2014 to 2020, it has seen a massive 220% growth rate. To date, this market is worth over $4.2 trillion and climbing. By 2024, the global…
Discover which of the top international Magento payment plugins is right for your business. Merchants looking to present a professional online presence have a wide range of ecommerce platforms to choose from, one of the best of which is Magento.…
How businesses can navigate the B2B payments landscape. Most online payment processing solutions are built with B2C use cases in mind. However, while the B2C world spends roughly $2.8 trillion annually on ecommerce, it may surprise you to know that…
How to choose the Magento payment gateway plugin you need to drive sales everywhere you do business. What Is a Payment Gateway? Payment Gateways allow merchants to accept credit card payments and other payment types online by collecting customer and…
How businesses can navigate the B2B payment methods landscape. Most online payment processing solutions are built with B2C use cases in mind. However, while the B2C world spends roughly $2.8 trillion annually on ecommerce, it may surprise you to know…
Using the Rapyd API to Create Your First Customer Now more than ever, businesses are looking to rapidly grow and transform digitally to meet the demands of consumers, for more convenient, faster service. For about 85% of businesses (across all…
Online payment methods in Malaysia: an emerging market poised for growth. Malaysia is a hot destination for businesses looking to expand to emerging markets. Malaysia is seeing GDP growth that is both high and relatively consistent when compared with other…
How financial businesses of all sizes work together to promote infrastructural growth in the global digital economy. The worldwide online marketplace is buzzing with activity and always on the search for new opportunities to grow and improve the lives of…
South Africa is Rapidly Digitizing, So Are Its Payment Methods Selling directly to consumers and accepting B2B payments in South Africa requires a deep understanding of South African’s payment methods. In the Rainbow Nation, payment methods are as diverse as…
Discover the ROI of Implementing Rapyd Fintech as a Service. Download the Forrester Consulting Report.
eCommerce is Primed to Prosper in the Philippines The Philippines is one of Asia’s most exciting and dynamic countries. In a population of almost 110 million people, about 60 million people are connected to the internet (World Factbook). Given the…
The B2B cross-border market is growing – is your business ready? The global cross-border business payments landscape is complex. Businesses looking to grow international sales must strive to offer customers a frictionless experience. More global business buyers than ever are…
Your guide to capitalizing on the growing Latin American ecommerce market by offering local payment methods. Accepting cross-border payments in Latin America means understanding the market, so merchants looking to trade in the region should ensure they approach it in…
Discover the local and global payment methods preferred by Japanese consumers. Japan is a densely populated nation of 126.8 million citizens, often touted as the mecca of technological innovation. (JP Morgan) It may come as a surprise that Japan has…
The benefits of adopting microservices over monolithic application development. Microservices is used a lot when talking about building applications, especially when most new applications are developed and hosted using cloud technologies. But why is this style of application architecture gaining…
A super app unifies many different app functions into one easy user experience. Super apps offer a service ecosystem, with countless ‘mini app services’ integrated together. Many of these apps began as ride-hailing, service, or social media apps and then…
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…
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…
By Erez Morabia At the recent annual Agile conference Beyond Agile Israel 2021, I talked about some of the glorious misuses of agile practices I had witnessed in my 7 years of experience as an Agile coach. In this post, I…
4 Key Benefits of Payment-as-a-Service Platforms As the global economy becomes increasingly connected, business owners everywhere cannot afford for their payments systems to lag behind. More complex compliance demands, along with evolving consumer behaviors and increased instances of fraud all…
Thailand is on the verge of an ecommerce boom – are you ready to capitalize on it? Thailand is a lucrative and exciting market, with a tech-savvy and mobile-first population. Despite ecommerce sales only making up 2% of total retail…
B2B companies must embrace omnichannel sales. Here's how to make it happen. It’s clear omnichannel B2B commerce needs to become faster and smoother for business buyers. The speed and convenience of consumer commerce have reshaped expectations, thanks to almost blanket…
ISO 20022 explained. ISO 20022 is becoming the global common standard for data-rich financial messaging. Over the next few years, it will become the financial messaging standard for banks and the global financial industry — and it will affect everything…
Looking at the Components of a Subscriptions API With the rise of the subscription payment model, more developers are looking to subscription APIs to build and grow their business. Subscription business models are effective ways for companies to retain customers…
Rapyd provides Magento users with a sophisticated global ecommerce payment solution. Need a Magento Payment Solutions to accept local payment methods worldwide? Get the most from your ecommerce store with Rapyd’s comprehensive payments extension for Magento. Rapyd provides a single…
See how headless commerce functionality enables your business to optimize ecommerce experiences faster, more cost-effectively and with greater personalization. Today, online shopping has become ubiquitous, which makes the path to purchase increasingly more complex given the variety of new devices…
Create a better customer experience across every touchpoint. Consumers can now use as many as six different touch-points when buying a product and 90 percent say they have high expectations for omnichannel commerce experiences. – CX Today What Is Omnichannel…
Fintech as a Service is revolutionizing B2B marketplaces with a wide range of innovations. These innovations include improvements for global payments, seller identity verification, fraud monitoring, compliance and even prepaid card issuing. With the growing expansion of global commerce, B2B…
Download the Rapyd Postman Collection to test API functionality in seconds. Tick-tock Evaluating APIs should take minutes not hours and one popular tool developers rely on is the API testing and REST client, Postman. When it comes to REST over…
Here's how to expand your business with subscription-based, recurring payment models. As technology evolves, so do the ways consumers access content. People are no longer limited to one-time purchases; we now have more opportunities to partake of recurring, subscription-based goods…
What you need to know to thrive in the world of B2B ecommerce. 2020 made it very obvious that having the tools and capabilities to sell online is essential for businesses regardless of if they are B2B or B2C. These…
Chargeback fraud is growing. here’s how to protect your business. What Is a Chargeback? Chargebacks happen when a purchase is reversed and a consumer gets their money back because of a dispute initiated with their card company. Originally, the concept…
With the rise of cross-border ecommerce, more Devs are turning to Python as their language of choice. Going global is becoming increasingly complicated for eCom devs. Cross-border commerce by its very nature dictates that you need to bring multiple disparate…
How brands are using visual search to optimize customer experiences. What is Visual Search? Visual search allows people to search using images as opposed to text. With a photograph that they have taken, or found online or on social media,…
How financial businesses of all sizes work together to promote infrastructural growth in the global digital economy. The worldwide online marketplace is buzzing with activity and always on the search for new opportunities to grow and improve the lives of…
Understand the impact of Brexit on selling and accepting payments in the UK. If you have a global ecommerce business, UK payments will probably be impacted by Brexit. Although the vote that decided the UK’s departure from Europe took place…
What is Card Issuing? Card issuing is the process of enabling businesses to issue credit, debit or pre-paid cards to their customers either in the form of physical or virtual cards. The reason why many organizations look into how to…
How ecommerce payments will change in 2021. Starting an ecommerce company has never been easier thanks to ecommerce platforms like Shopify, WooCommerce, and Wix. Companies and entrepreneurs can now build their online stores in a matter of hours. At the…
What is card issuing? Card issuing is the process of enabling businesses to issue credit, debit or pre-paid cards to their customers either in the form of physical or virtual cards. The reason why many organizations look into how to…
Adjust existing rewards programs and learn how to create new programs that succeed in the Latin American market. As payment method trends in the LATAM Market continue to evolve toward mobile money and contactless payments, trying to impose the old…
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…
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…
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 beyond Oxxo Payments at More 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…
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…
Here's Your Easy-to-Understand Guide to Using and Implementing 3D Secure 3D Secure is an advanced authentication layer. It stops the unauthorized use of cards and protects and minimizes the fraud risk for eCommerce merchants and issuers. 3DS allows for card…
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…
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…
Ecommerce is alive and growing in the U.K.1 Even as physical stores shuttered during the pandemic, ecommerce has gone on to take its largest-ever share of retail spending—22.3% of all sales, according to trade magazine Internet Retailing (1). The U.K.…
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…
Discover the ROI of Implementing Rapyd Fintech as a Service. Download the Forrester Consulting Report.
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,…
How a fractured fintech ecosystem inspired Rapyd to create Fintech as a Service (FaaS). By Arik Shtilman and the Rapyd Team In what now feels like another lifetime, my co-founders and I learned firsthand just how difficult it can be…
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…
Here's how UK online lenders can improve their experiences and grow their customer base. 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…
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 challenger banks 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 renaissance,…
The Asia-Pacific e-commerce market has seen explosive growth in recent years thanks to some of the highest consumer technology adoption rates in global history. However, merchants are already experiencing growing pains due to regional challenges. It’s estimated that APAC will…
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…
