UK-based fintech unicorn Rapyd enters India with flexible payment solution

Fintech-as-a-service (FaaS) company Rapyd has made an entry into the Indian market with a payment solution that spans credit and debit cards, UPI and cash. The UK-based firm has partnered with several key players in India’s payments ecosystem such as Paytm Payments Bank, PhonePe, PayU and HDFC Bank to roll out a comprehensive payment service where a merchant can integrate local fintech and payment capabilities into any application.

Through the platform, international merchants can now access India’s preferred payment methods through a single technology stack, enabling them to go “local” for the audience, both collecting from buyers and making payments to suppliers and partners, using India’s preferred methods.