Rapyd has announced the integration of three leading payout partners—Wise, Payoneer, and Remitly—into its global payouts network, marking a significant expansion of its payout ecosystem. This move adds flexibility for businesses by offering a wider variety of payout methods through a single API.
🌍 What’s New
- Wise for Bank Transfers
Businesses can now route funds directly to recipients’ bank accounts via Wise, benefiting from its competitive exchange rates and transparent fee structure. Wise’s robust presence in global banking makes it a popular choice for remittances and business transfers. - Payoneer for Digital Transfers
The integration allows payouts to Payoneer accounts—ideal for freelancers, e‑commerce entrepreneurs, and online sellers. Payoneer’s infrastructure supports fast transfers and holds balances in local or USD, providing recipients with more currency flexibility. - Remitly for Remittances
Rapyd users can now access Remitly’s remittance rails, opening payout options to regions where Remitly has established corridors and competitive foreign exchange offerings.
🚀 Why It Matters
- Broader Global Reach
Rapyd’s core Disburse platform already supports payouts in more than 190 countries through varied methods like bank transfers, e‑wallets, and card payouts. Adding these three platforms enhances flexibility and helps businesses optimize for cost and speed. - Single-API Convenience
Rather than integrating multiple payout providers individually, businesses can now choose between Wise, Payoneer, and Remitly via Rapyd’s unified API—simplifying implementation and reducing maintenance overhead. - Optimized Recipient Experience
Recipients benefit from preferred payout methods, faster access to funds, and localized currency options—boosting satisfaction and reducing friction for global payrolls, marketplace sellers, and gig workers.
💡 How It Works
- A business selects the payout provider per transaction—Wise, Payoneer, or Remitly—based on factors like cost, speed, currency, and recipient location.
- Rapyd routes the payout through the chosen provider, handling FX and compliance behind the scenes.
- Recipients receive funds via their bank account, Payoneer wallet, or remittance channel.
🚨 Industry Perspective
This integration strengthens Rapyd’s position as a comprehensive payout hub. According to Rapyd’s own comparisons, its payout network surpasses many competitors in reach and method diversity. As cross-border payments and gig economy platforms proliferate, offering multiple payout options remains critical to scaling globally.
About Rapyd
Rapyd is a global fintech-as-a-service platform providing payment, disbursement, FX, and issuing infrastructure via unified APIs. Its Disburse product powers global payouts in over 190 countries, supporting bank transfers, e‑wallets, instant card payouts, and now integrations with Wise, Payoneer, and Remitly.
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