Rapyd, a global fintech-as-a-service company announced it will begin a major expansion of its European platform, adding end-to-end card acquiring capabilities to its payments capabilities and making it easier for European businesses to expand globally. Merchants will also have the opportunity to extend their existing point-of-sale system to deliver an omnichannel integrated commerce experience, according to a press release.

Rapyd currently offers full stack payment acceptance capabilities in Europe which includes card acceptance through Mastercard and Visa and support for alternative payment methods in over 100 countries. These features are accessible from a single platform and managed from one contract reconciliation process.

The company has added a fully integrated online card acquiring capabilities and support for more than 900+ local payment methods.

"European merchants are at a crossroads and need to fully embrace digital commerce to thrive as consumer shopping and payment preferences are changing rapidly," Sarel Tal, Rapyd's vice president and general manager for Europe, Middle East, and Africa, said in the release. "Compensating for the loss of in-store business, merchants need to quickly expand into global markets to pursue cross-border sales opportunities, significantly improve conversion rates and reduce cart abandonment. Rapyd solves the complexity of payments and can even eliminate the number of payment providers merchants must work with as they implement global expansion plans."