Rapyd Wallet
Multi-Currency
Business Accounts
Rapyd’s Wallet provides the financial infrastructure for businesses to hold, manage, and move money worldwide.
This includes Multi-Currency Business Accounts for fund management and Virtual Accounts for local payment collection, as well as white-label lending and virtual card issuing capabilities.
Embedded Fintech At Your Service
Virtual Accounts
Create local vIBANs in 40+ markets to transfer funds on local banking rails without the local banks.
Virtual Card Issuing
Create and manage your own white-label card issuing program.
Lending
White-label lending for your merchants and customers.
Settlement
Quickly set up a bank account alternative for local settlement and easy payouts.
TALK TO RAPYD FOR
GLOBAL ACCOUNT SOLUTIONS
Find the best business account options for your needs.
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The Freedom to Do
Business Worldwide
Create customisable workflows to meet your needs.
Enable Global Commerce
Accept and send payments in 120+ currencies, hold funds in your preferred currency.
Robust Reporting
View transaction details such as fees, method, beneficiary, account number and more.
Payout Tracker
Track and share payout status and send proof of payouts.
Multi-Currency Business Accounts FAQ
Every Rapyd client receives Rapyd Wallet, an advanced digital ledger and multi-currency business account infrastructure that serves as the foundation for services like card acquiring, payouts, issuing, and embedded fintech. This unique infrastructure differentiates Rapyd from typical PSPs and card acquirers. It provides a truly global settlement account and digital ledger, while enabling powerful fintech capabilities like lending and issuing which can generate revenue for clients and partners.
Clients can create accounts and sub-accounts, allowing them to hold and manage funds for rewards programs and card issuing. Built-in foreign exchange allows you to send payouts in over 120 currencies, and Virtual Accounts allow you to deposit funds via local bank transfers from over 40 countries.
Many payment service providers let businesses accept global payments. However, without a cross-border business account, you cannot settle funds internationally without immediately repatriating them to a local bank account. Rapyd Wallet is a truly global account and ledger infrastructure for borderless commerce. With one reconciliation and settlement across all your payment providers, you finally have a single view of your global financial operations.
Rapyd Wallet supports in-store, eCommerce, and unified commerce, as well as complex use cases like marketplaces, iGaming and online gambling, Forex, and CFD trading platforms. Our robust compliance infrastructure includes built-in KYC, KYB, and AML monitoring to handle the regulatory complexities of these industries. Additionally, Rapyd PayFac and ISV partners can leverage our Global Accounts infrastructure and value-added services to offer financial services to merchants and clients. This allows partners to generate new revenue streams while lowering churn.
Rapyd Wallet infrastructure allows ISVs and PayFacs to move beyond payment processing into embedded fintech. With our digital ledger and wallet infrastructure, partners can offer white-label “banking-as-a-service” features, like virtual accounts, merchant lending, and branded card programs that create new recurring revenue streams. These value-added services increase merchant loyalty and reduce churn by providing an all-in-one financial ecosystem.