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.…
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.…
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…
Rapyd Holdings Pte Ltd is a Major Payment Institution (MPI) licensed (No. PS20200311) and approved by the Monetary Authority of Singapore (MAS). Users are advised to read the terms and conditions carefully.
Rapyd is a FinTech Company and is a licensed entity in the following manner and in the following countries:
In the US, Rapyd provides regulated Services in partnership with Evolve Trust and Bank and is registered with the Financial Crimes Enforcement Network (FinCEN).
In the EU, Rapyd provides regulated Services through an e-money license issued by the Financial Conduct Authority (FCA), that is usable throughout the EU - licence number 900769.
Rapyd Europe hf. is a licensed payment institution under the supervision of the Central Bank of Iceland.
In Mexico, Rapyd provides services through its local entity, Rapyd Networks Mexico, S.A.P.I. DE C.V., which is registered with the SHCP Secretaria de Hacienda y de Credito Publico and Secretaría de Relaciones Exteriores / Secretaría de Economía.
In Singapore, Rapyd is a Major Payment Institution (MPI) licensed (No. PS20200311) and approved by the Monetary Authority of Singapore (MAS).
In the rest of the world, Rapyd provides regulated Services through select Network Partners.
The Rapyd Network Partners are incorporated, licensed and registered with each jurisdiction as required by each Regulatory Body.
If Rapyd, in select jurisdictions, provides certain regulated Services through its Network Partners, merchants may be subject to certain additional terms.
For inquiries or questions related to the Rapyd Consumer Advisory please click here.