payment acceptance and processing Rapyd Payments Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Rapyd Payments is focused on payment acceptance and processing. The company offers virtual payment terminals, virtual IBAN accounts, payment gateways, payment links, card issuing to merchants. In 2023 Rapyd Payments Limited had total assets of 66.93 mln GBP, and generated net income of 144,919.00 GBP. During 2023 the company had 32 employees in average.
Global payment processing and fintech-as-a-service company
(*)as stated by the company itself
13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, Rapyd Payments Limited is assigned the overall rating 3.81 (good) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Broad | (3.81) |
| Market Niche | Narrow | (2.29) |
| Company Background | Strong | (4.07) |
| Customer Support | Average | (2.67) |
| Customer Sentiment | Good | (3.51) |
| Transparency | Average | (2.88) |
| Overall Rating | Good | (3.81) |
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TheBanks.eu has also identified the following pros and cons of the company:
Rapyd Payments is neither registered with the Financial Conduct Authority (FCA) as a crypto asset firm, nor offers any crypto assets services.
Rapyd Payments Limited is not registered with the Financial Conduct Authority as a crypto asset firm.
Rapyd Payments do not offer crypto assets services.
| GBP | 2022 | 2023 | change (%) |
|---|---|---|---|
| Total Assets | 3,907,754.00 | 66,932,754.00 | +1,612.82% |
| Turnover | 12,614,823.00 | 13,667,802.00 | +8.35% |
| Gross Profit | 3,404,282.00 | 2,519,160.00 | -26.00% |
| Net Income | 997,949.00 | 144,919.00 | -85.48% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 115 (-29) |  DiPocket Limited | 0.01 % | 3.91 mln GBP (-61.32%) |
| 116 (+1) | Rapyd Payments Limited | 0.01 % | 3.91 mln GBP (+28.01%) |
| 117 (-2) |  INTERPOLITAN MONEY P.L.C. | 0.01 % | 3.80 mln GBP (+22.02%) |
United KingdomRapyd Payments Limited is authorized by the Financial Conduct Authority as a e-money institution (reference number 900688) for issuance of electronic money, distribution and redemption of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator; the authorization was granted on 30 April 2018.
Rapyd Payments Limited is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Rapyd Payments is required to safeguard its customers’ money.
Since January 2021, Rapyd Payments Limited can not conduct its activities in EEA member states.
1 Fore Street, EC2Y 9DT, London, United Kingdom
+44 203 630 1220EnglishRapyd Payments has profiles on the following social networks:
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