Fintech firm Rapyd clinches remittance license

It allows businesses to integrate remittance services through API.

Fintech-as-a-service platform Rapyd obtained a remittance licence by the Monetary Authority of Singapore (MAS), according to a press release.

Also read: Singapore's fintech invasion has no end in sight

Rapyd’s platform was designed for businesses seeking to integrate remittance services through its API or Software Development Kit (SDK), which covers funds top-up, identity verification, blocking of suspicious transactions, and sending money to over 100 countries.

Historically, companies wanting to deliver payments to freelancers, marketplace payments or B2B settlements built their own remittance infrastructure by signing individual bilateral agreements in the recipient countries, or rely purely on banking infrastructure to provide bank-to-bank money transfers.

Rapyd’s Global Payments Network allows global remittances into multiple local payment options, including local bank accounts and eWallets such as Indonesia’s Doku wallet, Sri Lanka’s eZCash, Philippines’ GCash, local debit cards or cash pickup.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia