Rapyd, a global Fintech company, announces the launch of their new integrated local payment solution in Mexico, allowing local and global companies access to every local payment method through one convenient API, contract, and reconciliation service. This means diversifying payment methods for customers and allowing them to accept every local payment method like cash, bank transfers and cards through a single connection on their new platform. With the help of this API, Rapyd has seen a growth in annual shopping at a rate of 30% in a $22.6 billion industry.
Furthermore, a second wave of COVID-19 hitting almost every region in the world, Mexican consumers are quickly moving to digital payments or even cash transactions used in online payment scenarios. Rapyd’s new platform has allowed their customers and consumers to make more digital and cash transactions more access.