Rapyd
Israeli-founded payments platform selling card acquiring, local methods, payouts and card issuing; bought PayU's Latin American and African business in March 2025 for about US$610m.
Rapyd is an Israeli payments company, started in Tel Aviv in 2016 by Arik Shtilman, Arkady Karpman and Omer Priel, with a substantial London operation alongside it. The platform bundles card acquiring, local payment methods, payouts, e-wallets, virtual accounts and card issuing behind one API. Growth has come mainly from buying acquirers: the Icelandic processors Korta in 2020 and Valitor in 2022 for roughly US$110m, then PayU's Global Payment Organisation business in March 2025.
That last deal is worth pinning down. Rapyd paid about US$610m for PayU's Latin American operation, covering Mexico, Brazil, Argentina, Chile, Colombia and Peru, together with Nigeria and South Africa, funded by a US$500m raise that valued the company near US$4.5bn. PayU's Polish and wider central European business stayed with Prosus, and India, Türkiye and South-East Asia were never in scope, so Rapyd's reach in those markets is not PayU's.
Headline claims of 190-plus markets and 1,200 payment methods run well ahead of the documentation. Rapyd's developer guides name around 48 countries across Europe, the Middle East and Africa, 13 in Asia-Pacific and nine in the Americas, with local options including Pix and Boleto, SPEI and the Mexican cash network, Bancolombia, PSE and Banco Estado, GCash, GrabPay, QRIS, PromptPay, PayNow and KakaoPay. Licensed entities include Rapyd Europe hf in Iceland, Rapyd Payments Limited in the UK (FCA firm reference 900688), a major payment institution in Singapore, a money service operator in Hong Kong, a payment services licence in Israel and FinCEN registration in the United States.
It fits mid-sized and larger sellers wanting one contract across Europe, Latin America and parts of Asia, and businesses paying out to sellers or contractors. Most pricing is Interchange++ on quote, although domestic card rates are published for Chile, Colombia and Peru, and inactivity fees apply in several Latin American markets. Gambling, gaming, marketplaces and crypto businesses sit on the restricted list and need compliance approval first.
What Rapyd costs
Rapyd quotes per merchant. What you are offered depends on your volume, your industry, the countries you sell in, your card mix and your risk profile — so a published headline rate would not be your rate. Ask them for a quote against your own numbers.
- Settlement
- Method-dependent: Pix real time; Latin American cash and bank redirect typically 2-3 days
Licences and regulation
Authorisations Rapyd holds, as published by the provider or regulator. Check the register entry before relying on it.
Financial Conduct Authority (FCA)
Central Bank of Iceland (Seðlabanki Íslands)
Monetary Authority of Singapore (MAS)
Hong Kong Customs and Excise DepartmentHong Kong Companies RegistryHong Kong Companies Registry
Israel Securities Authority (ISA)
FinCENWhat you need to onboard
Bank Statement / Bank Account · Company Details · Company Documents · Director ID · Enhanced KYB & Due Diligence · Personal Details
Licences a merchant needs
iGaming Licence (Local)
Features
3D Secure · Chargeback Management · Crypto Settlement · FX Conversion · Fraud Prevention · Mass Payouts · Multi-Currency · Network Tokenisation · Partial Refund · Payouts · Recurring Payments · Refunds · Reporting & Analytics · Sandbox / Testing Environment · Tokenisation · Virtual IBAN · Webhook Notifications · White Label
What the last check found
Recheck against Rapyd's own documentation. Rapyd is the clearest case in this directory of why one "currencies supported" number misleads, because it publishes four separate lists and they do not agree:
- 57 presentment currencies — what a customer can be charged in.
- 53 payout currencies — what a beneficiary's bank can receive.
- 23 virtual-account currencies — what a Rapyd wallet can hold.
- 6 settlement currencies — what actually lands in the merchant's own bank: SGD in Singapore, INR in India, USD in the US, GBP in the UK, ISK in Iceland, EUR elsewhere in EMEA, and USD for every other country.
The currency list here is the union of presentment and payout, 71 in all. The part worth reading twice is the settlement list: a merchant outside those six jurisdictions is paid in US dollars whatever it collected in, so Rapyd converts, and the FX spread on that conversion is a cost no coverage table shows. Collecting in forty currencies and being paid in one are different businesses.
The methods listed are the local methods Rapyd publishes a dedicated integration page for, by region. Its own payment-method-types table is built client-side and serves empty to anything that does not run JavaScript, so a per-country method matrix could not be read off it; the per-method pages are the firmer evidence and are what was used.
No country rows are claimed from this pass. Rapyd documents payouts country by country and settlement region by region, but publishes no list of the countries a merchant can be based in, and the existing country rows on this listing are left as they were rather than narrowed to the twenty-odd countries that happen to have their own payout page.
Checked against Rapyd’s own documentation on 20 October 2026. Coverage changes; confirm anything you are about to build on.
Pricing, in detail
Most pricing is Interchange++ on quote: Rapyd publishes the component ranges (interchange 0.20%-1.80%, Visa/Mastercard scheme fees 0.02%-0.65%) but not its acquirer margin. The only flat published card rates are in Latin America, inherited from the PayU business: Chile 3.49% per domestic credit-card transaction (minimum Khipu payment CLP 600); Colombia 3.29% + COP 300, plus 1.5% income withholding, 0.414% ICA and 15% VAT, with minimums of COP 450 for PSE/Bancolombia and COP 9,900 for cash; Peru 3.40% + PEN 0.69 for merchants under PEN 10,000 a month, PagoEfectivo minimum PEN 2.90. The percentage range shown above therefore reflects only those Latin American domestic card rates. Monthly inactivity fees apply after six consecutive months with no sales (Argentina ARS 10,500 + VAT, Brazil BRL 151 + taxes, Mexico MXN 523 + VAT, Panama and Peru USD 30 + taxes). Refund-by-bank-transfer and chargeback reversal fees are referenced in Rapyd's help material but were not confirmed on a current primary page.
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Sources · 23
- Rapyd - Regulatory Framework · rapyd.netUsed for regulation (all licensed entities and reference numbers)
- FCA Financial Services Register - E-Money Firms (CSV, data to 11 September 2026) · register.fca.org.ukUsed for regulation (FRN 900688, Authorised EMI, effective 2018-04-30)
- Rapyd Completes Acquisition of PayU Global Payment Organisation in Latin America and Africa · rapyd.netUsed for company, PayU scope (completed 14 March 2025; Mexico, Brazil, Argentina, Chile, Colombia, Peru, Nigeria, South Africa), countries
- Rapyd Acquires PayU GPO to Expand Fintech and Payments Solutions Globally (1 August 2023) · rapyd.netUsed for company, deal value US$610m, markets excluded (India, Turkey, South-East Asia), headline method counts
- Cashless.pl - PayU in Poland remains with Naspers; Rapyd bought PayU GPO without the European assets · cashless.plUsed for countries (confirming Poland/CEE was NOT acquired; KNF did not review the closed transaction)
- Calcalist - Rapyd raises $500M at $4.5B valuation to complete $610M PayU acquisition · calcalistech.comUsed for company (funding round, valuation)
- Rapyd - Wikipedia · en.wikipedia.orgUsed for company (founding, founders, Korta and Valitor acquisitions, funding history)
- Rapyd Payments Network · rapyd.netUsed for countries (merchant legal-entity list, regional acceptance markets)
- Rapyd Docs - EMEA payment method types and supported countries · docs.rapyd.netUsed for countries (EMEA), methods
- Rapyd Docs - Americas payment method types and supported countries · docs.rapyd.netUsed for countries (Americas), methods (Pix, Boleto, Bradesco, Santander, SPEI, Mexico Cash Network, Bancolombia, Banco Estado, Facilito, Banco de Antigua, Western Union, Punto Xpress)
- Rapyd Docs - APAC payment method types and supported countries · docs.rapyd.netUsed for countries (APAC), methods (GCash, GrabPay, QRIS, PromptPay, PayNow, KakaoPay, Payco, DANA, OVO, LinkAja, Maybank, CIMB, AmBank, RHB, Bank Islam, Bank Muamalat, Bank Rakyat, Permata, BRI, VTC Pay, FamiPay, Coins, FAST, Alipay, UnionPay, Samsung Pay)
- Rapyd Docs - Supported Currencies · docs.rapyd.netUsed for currencies (collect, disburse and virtual-account lists)
- Rapyd Docs - Bank Direct Debit · docs.rapyd.netUsed for methods (SEPA, BACS, ACH, BECS, GIRO), SEPA country list
- Rapyd Docs - Stablecoin Payments · docs.rapyd.netUsed for methods and currencies (USDC, USDT), crypto settlement
- Rapyd Docs - Plugins and Add-Ons · docs.rapyd.netUsed for integrations (WooCommerce, Wix, Shopify, Magento, Ecwid, PrestaShop, OpenCart)
- Rapyd Docs - Activating Your Account (KYB) · docs.rapyd.netUsed for onboarding requirements (business and company details, supporting documents, authorised user, beneficial owners at 25%+)
- Rapyd - Global Prohibited & Restricted Businesses · rapyd.netUsed for industries, licence requirements (gambling, gaming, marketplaces and virtual-currency providers are restricted; unlicensed gambling and unlicensed financial trading are prohibited)
- Rapyd Pricing · rapyd.netUsed for fees (Chile, Colombia, Peru published rates; Interchange++ components; inactivity fees)
- Rapyd - Global Payment Processing · rapyd.netUsed for headline coverage claims (190+ markets, 150+ currencies), features, direct acquiring regions
- Rapyd Docs - Punto Xpress · docs.rapyd.netUsed for settlement speed (2-3 days for cash methods), countries (El Salvador)
- Rapyd Docs — supported currencies · docs.rapyd.netUsed for the 57 presentment, 53 payout, 23 virtual-account and 6 settlement currencies, and which country settles in whichChecked 20 October 2026
- Rapyd documentation index · docs.rapyd.netUsed for the per-method and per-country integration pages Rapyd publishes, which is what the method list is drawn fromChecked 20 October 2026
- Rapyd Docs — payment method types · docs.rapyd.netUsed for checking for a per-country method matrix; the table is client-side rendered and serves empty, so nothing was taken from itChecked 20 October 2026
23 sources · last checked 21 October 2026 — each one says which claim it supports.
Compiled from public sources — verify with Rapyd before you sign anything. How we compile this · Suggest a correction ·