Unlocking Singapore’s eCommerce potential
Singapore is leading both Asian markets and markets worldwide in Fintech and global eCommerce by having some of the most stable and innovative payment landscapes to date. With a population that is spending close to $5 billion in a year, leaders in the Fintech industry are starting to take notice in a big way.
Rapyd, a global Fintech as a service company, announced partnerships with key players of Singapore’s payments ecosystem to provide a single Singapore Platform enabling businesses to go cashless.
Rapyd’s Singapore Platform will bring greater convenience to local consumers and businesses, by enabling them to easily make payments, convert cash to electronic payment methods, or receive funds instantly, all via a single technical integration.
Some of Rapyd Platform Payment Capabilities in Singapore
PayNow is a peer-to-peer fund transfer service available to retail customers of nine participating banks in Singapore. It offers great convenience benefits for small and mid-size businesses with the ability to send and receive Singapore Dollar funds in Singapore by using just their mobile number or Singapore NRIC/FIN, almost instantly. The sender no longer needs to know the recipient’s bank and account number when transferring money via PayNow.
Created by OCBC, one of Singapore’s longest established Banks, OCBC Pay Anyone simplifies the user experience when paying for low-value and high-frequency goods & services, it’s available for 2.2M users in Singapore and allows them to pay using QR code, transfer money to friends and family and even do QR cash withdrawals at the ATMs.
What does success in Singapore look like for businesses like yours?
You Can Market to a Population of
Access a Mobile eCommerce Market
And an Annual Growth in 2020 of
Gross Domestic Product of
Our Global Services
Remove the friction from accepting cross-border payments.
Meet the demands of your global sellers and Disburse payments quickly and securely.
Complement your marketplace experience with the white-label Rapyd Wallet.
Flexible payouts are possible with Rapyd Issuing, offer cards to your sellers.