Rapyd, a global B2B Fintech as a Service provider, announced on Thursday it has launched Rapyd Protect, which is a fraud solution designed to protect businesses and consumers against fraud across countries and payment methods. According to Rapyd, Rapyd Protect is a fraud solution embedded in the world’s largest global payments network, which supports cards and over 900 APMs.
While sharing details about the product, Helcio Nobre, Chief Product Officer of Rapyd, stated:
“Rapyd’s primary commitment to global businesses is to ensure online customers can complete purchases with their preferred payment method, from major credit cards to local APMs. With Rapyd Protect we are reinforcing that promise by using best in class machine learning to safeguard alternative payments, protecting businesses, and improving the customers’ shopping experience.”
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.”
Rapyd recently announced it has extended its Asia-Pacific footprint by launching its “all-in-one” payment capabilities in South Korea. The company 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.