Rapyd's Fintech as a Service Offering Yields 196% ROI, Finds Total Economic Impact Study

Rapyd's Fintech as a Service Offering Yields 196% ROI, Finds Total Economic Impact Study

PR Newswire

LONDON and MOUNTAIN VIEW, Calif., Jan. 10, 2022

Commissioned by Rapyd, the study assessed the impact of Rapyd's solution for companies in the US, Europe, LATAM, and Asia-Pacific, evaluating the potential business and financial impact of embedding fintech, local payment, and payout capabilities into customer experiences

LONDON and MOUNTAIN VIEW, Calif., Jan. 10, 2022 /PRNewswire/ -- Rapyd, a global Fintech-as-a-Service company, announced today the publication of a new Total Economic Impact™ study conducted by Forrester Consulting. Commissioned by Rapyd, the study evaluated the cost savings, business benefits, risks, and flexibility of implementing Rapyd's solutions and determined the Return on Investment for a composite organization to be 196% over three years. Rapyd helps businesses create local experiences anywhere, handling the complexities of cross-border payments and regulations to enable quick and easy collection and disbursement capabilities.

Embedded local payments that go beyond cards and traditional payment methods have become critical for businesses seeking to win over users internationally. Despite the tremendous advantages of these capabilities, some businesses have struggled with their implementation due to infrastructure, administrative, and regulatory complexities. Rapyd's Fintech-as-a-Service model overcomes these barriers and offers a solution for businesses that allows them to adapt, expand and break into new markets with local digital strategies.

"Tapping into local markets across the globe has become a must-have for enterprise, and while the decision may be easy, the task itself is massive," said Arik Shtilman, CEO and Co-founder of Rapyd. "At Rapyd, we think 'local' so companies can easily go global, and while the findings of the study come as no surprise to us, it is astounding to see the value that our Fintech-as-a-Service can bring to our clients and their users".

The findings of the study are based on interviews with companies from the US, Europe, APAC, and Latin America in order to evaluate the impact Rapyd could have on a business over a three-year period.

Other key findings include:

Access the Forrester Total Economic Impact of the Rapyd Solution here.

About Rapyd

Rapyd is the fastest way to power local payments anywhere in the world, enabling companies across the globe to access markets quicker than ever before. By utilizing Rapyd's unparalleled payments network and fintech as a service platform, businesses and consumers can engage in local and cross-border transactions in any market. The Rapyd platform is unifying fragmented payment systems worldwide by bringing together 900-plus payment methods in over 100 countries. Rapyd's investors include Stripe, General Catalyst, Oak HC/FT, Coatue, Tiger Global, Durable Capital, Target Global, Fidelity Management and Research Company, Altimeter Capital, BlackRock Funds and Tal Capital. To learn more about the company that is accelerating the fintech as a service revolution, visit www.rapyd.net, read our blog, or follow us on LinkedIn and Twitter.

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