Rapyd Launches New Payments Solution Virtual Accounts

​Rapyd, a global fintech-as-a-service platform, recently announced the launch of Virtual Accounts, a vital payments solution empowering businesses to expand globally while supporting local payments.

This new offering allows global organizations to accept local bank transfers across over 40 countries in more than 25 currencies, including the US, UK, EU, and APAC regions.

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As local bank accounts without the typical transaction fees and extra operational costs, Virtual Accounts enable simple, familiar and automatic global payments and payouts.

Kadmos, the global salary payment platform, has trusted Rapyd Virtual Accounts to simplify the payment of international salaries. Powered by Virtual Accounts, Kadmos makes it easy for companies to seamlessly pay international salaries across the globe, and for their employees to remit and spend their earnings everywhere.

Sasha Makarovych, Co-Founder of Kadmos comments: "When it comes to getting employees paid on time and in their local currencies, it is very administration heavy, inefficient, costly and takes many days to process and reach employees. By partnering with Rapyd, Kadmos clients experience a completely new way of paying their international workforce."

Khyati Soparkar, Head of Global Product Marketing at Rapyd comments: "One of the key factors that holds businesses back from expanding globally and reaching the next level of growth is the lack of infrastructure to support local payments. Virtual Accounts provide businesses the confidence to grow worldwide knowing they have a trusted payments solution in place. Now, it's never been easier to reach more countries, currencies and customers – all businesses need is one Rapyd account."