Rapyd, a global B2B Fintech as a Service provider, announced on Tuesday it has extended its Asia-Pacific footprint by launching its “all-in-one” payment capabilities in South Korea. Rapyd teamed up with Korean payment service providers KCP, PayLetter, and others to provide access to South Korean payment options across international and local cards, mobile wallets, bank transfers, vouchers, and carrier billings.
“The rollout of South Korea payments capabilities will enable international companies to immediately provide localised payment experiences catered to the expectations of modern Korean consumers and tap into one of the largest and most advanced eCommerce populations.”
Speaking about the expansion, Joel Yarbrough, Vice President for Asia Pacific at Rapyd, stated:
“While competition is heating up and the market is becoming more segmented, the overall pie of Korean mobile payments keeps growing. With the launch of Rapyd’s payment capabilities in South Korea, we are able to bridge the global eCommerce players to a vibrant and exciting Korean market opportunity, and create a truly native South Korean Payment experience.”
Rapyd further explained that businesses based in South Korea will also be able to access its Global Payments Network and expand internationally into more than 100 markets around the world by accepting payments from consumers in any of the 900 locally preferred payment methods supported by the fintech.
Founded in 2016, Rapyd’s global payments network connects companies to “all the ways the world likes to pay.” The company noted:
“With Rapyd, digital sellers in Latin America can accept cash. Online shoppers in Asia can pay with their favorite ewallet. And businesses can make payouts to companies and individuals anywhere in the world. With 900+ payment methods in 100 countries, you can open new markets, reach new customers, and create new opportunities anywhere.”