Fintech Platform Rapyd Launches Multi-currency Treasury Solution

Rapyd, the leading fintech platform for global payments, payouts and business everywhere, has announced the launch of a multi-currency Treasury Solution. This new solution is a collection of cash management features that optimize the cost and effort of global payments operations.

Fazzaco Hall of Fame 2022 Officially Opens (Click to Nominate)!

The multi-currency Treasury Solution enables international businesses to manage funds globally without the complexity and added expenses of managing multiple banking relationships, payment providers and funds flows across countries and currencies. By reducing the number and frequency of wire transfers needed, decreasing associated cross-border banking fees, offering competitive FX rates, and optimizing operations for fund collection and disbursement, businesses can achieve lower costs than traditional methods, explained the company.

"CFOs and Treasurers are constantly faced with the complex and nerve-wracking challenge of simplifying their multiple banking relationships while ensuring they can get paid by customers and pay their suppliers, partners and staff abroad - which are the core pillars of enabling their businesses to expand their global reach," said Joel Yarbrough, VP APAC and MD Rapyd Ventures.

"Now, merchants can build a payments hub within the Rapyd platform, while making their relationship with their lead bank stronger. Businesses in Singapore have been asking for a cohesive Treasury Solution for years, and the Rapyd team is pleased to be the first in the market to bring this game-changing solution to our clients in APAC."