Rapyd, the main international fintech platform, is partnering with Rakuten Viber, a worldwide chief in personal and safe messaging and voice-based communication, to introduce in-app cost transactions to the Viber app and its tens of millions of customers.
Rapyd will combine its licensed monetary expertise choices instantly into the Viber app. By deciding on Rapyd as its first official funds associate, Rakuten Viber will enter the worldwide digital funds market with a worldwide person base of lots of of tens of millions of shoppers and a robust repute for safety rooted in its on-by-default end-to-end encryption for personal communications.
The landmark partnership permits Rakuten Viber to develop into digital funds. With performance powered by Rapyd, Viber customers will have the ability to retailer cash in a cellular pockets with an IBAN, out there within the Viber app which can enable them to ship and obtain cash immediately and securely with no charges. First opening the service with Euros, Viber will later develop to incorporate a number of currencies and extra providers. Funds in Viber will initially start in Greece and Germany and can roll out to extra nations within the close to future.
By deciding on Rapyd as its first official funds associate, Rakuten Viber enters the worldwide digital funds market.
Over 70% of smartphone customers globally – greater than 180 million smartphone customers – are anticipated to make use of peer-to-peer cellular funds by the 12 months 2026[1]. Because of this integration with Rapyd, Rakuten Viber is without doubt one of the first messaging platforms on the earth to convey immediate digital funds capabilities into its present platform, permitting tens of millions of its present customers to conduct seamless digital private and enterprise transactions with out having to go away the Viber app.
“The way forward for funds is built-in fintech, and this partnership demonstrates why we based Rapyd within the first place: to democratize fintech for all,” says Arik Shiltman, CEO of Rapyd. “We’re proud to offer the infrastructure and licensing for international corporations like Rakuten Viber, one of many world’s most trusted and acknowledged messaging and communications platforms, to develop their very own monetary providers with out them having to construct the muse from scratch. Via this partnership, Rakuten Viber can confidently step into the world of funds and change into a pacesetter in embedded finance, supported by Rapyd’s licensed end-to-end fintech choices.”
“Rakuten Viber’s entrance into funds is important each to our evolution as an organization and extra so for our lots of of tens of millions of customers worldwide as we assist pave the best way for the convergence of communications apps and digital funds. We knew we would solely select to work with a premium cost service associate to make this evolution potential – and that is exactly why we’re assured to associate with Rapyd,” says Ofir Eyal, CEO of Rakuten Viber. “There was little doubt our in-app cost choices must characteristic the world-class safety and privateness safety that the Viber app is already identified for. For that reason we’re thrilled to have Rapyd, a trusted chief constructing the way forward for international finance, to function the licensed cross-border funds resolution enabling us to convey secure and easy immediate funds options to Viber customers throughout borders.”