Rapyd Pte Ltd and Rapyd Holding Pte Ltd, the holders of Rapyd's stored value facility, do not require the approval of the Monetary Authority of Singapore. 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.
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 the holder of a Stored Value Facility (SVF) and a licensed remittance provider as administered by the Monetary Authority of Singapore (MAS) - remittance licence number 01561.
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.