Through this partnership, Rakuten Viber can confidently step into the world of payments and become a leader in embedded finance, supported by Rapyd's licensed end-to-end fintech offerings." "We're proud to provide the infrastructure and licensing for global companies like Rakuten Viber, one of the world's most trusted and recognized messaging and communications platforms, to develop their own financial services without them having to build the foundation from scratch. "The future of payments is integrated fintech, and this partnership demonstrates why we founded Rapyd in the first place: to democratize fintech for all," says Arik Shiltman, CEO of Rapyd.
As a result of this integration with Rapyd, Rakuten Viber is one of the first messaging platforms in the world to bring instant digital payments capabilities into its existing platform, allowing millions of its current users to conduct seamless digital personal and business transactions without having to leave the Viber app. Over 70% of smartphone users globally – more than 180 million smartphone users – are expected to use peer-to-peer mobile payments by the year 2026. Payments in Viber will initially begin in Greece and Germany and will roll out to more countries in the near future.īy selecting Rapyd as its first official payments partner, Rakuten Viber enters the global digital payments market. First opening the service with Euros, Viber will later expand to include multiple currencies and additional services. With functionality powered by Rapyd, Viber users will be able to store money in a mobile wallet with an IBAN, available in the Viber app which will allow them to send and receive money instantly and securely with no fees.
The landmark partnership enables Rakuten Viber to expand into digital payments. By selecting Rapyd as its first official payments partner, Rakuten Viber will enter the global digital payments market with a worldwide user base of hundreds of millions of consumers and a strong reputation for security rooted in its on-by-default end-to-end encryption for private communications. Rapyd will integrate its licensed financial technology offerings directly into the Viber app.
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