Rapyd, a Mountain View, California-based fintech, has launched a “full-stack” integrated payment solution for the Mexican market, allowing local and multinational companies to accept payments and disburse funds both locally and worldwide through a single API integration.
Rapyd, working in partnership with several Mexican payments firms, including Banregio, RedEfectiva, Cacao Paycard and others, said the new solution allows companies to accept various local payment methods — including cash, bank transfers and cards — through a single connection.
“Mexico is one of Latin America’s high growth markets,” Eric Rosenthal, vice president and managing director of the Americas, said in a company release. “Our full-stack launch will contribute greatly to Mexico’s growing economy by helping local businesses digitize the acceptance of all payment methods in e-commerce marketplaces, digital platforms, gig economy, lending companies, neobanks and others.”
Banregio said the launch will help drive e-commerce growth for Mexican companies.
“We look forward to being a part of Rapyd’s solution as they aim to increase the ability of Mexican consumers to access the global e-commerce market and for businesses to significantly improve the user experience in Mexico, throughout Latin America and around the world.”