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Documentation

Supported Currencies

A list of currencies supported across Rapyd Collect, Disburse, Issuing, and Wallet.

Rapyd processes payments using over 100 currencies, allowing you to collect and send payments to your customers or beneficiaries in their local currency.

Supported currencies are used in a few different ways:

  • Presentment currency - the currency the customer is presented and charged in.

  • Settlement currency - the currency that is deposited into your bank account.

  • Withdrawal currency - the currency that the beneficiary bank receives, also known as Payout currency.

  • Holding currency - the currencies that the Rapyd Wallet can hold funds in.

If the presentment currency is different from your settlement currency, Rapyd will convert your funds to the settlement currency.

Supported Currency Workflow

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  1. You charge your customer in the presentment currency of your choice.

  2. The presentment currency you collect is transferred to your Rapyd Wallet as a holding currency.

  3. Rapyd converts the funds to your preferred settlement currency, or disburses the funds to a beneficiary.

Collect

Rapyd Collect is a global payment acceptance platform that allows businesses to transact with their locally preferred payment methods.

All supported currencies below are represented by their ISO currency code. Rapyd can collect payments using the following supported currencies:

Presentment Currencies

AMD

KRW

BAM

MDL

BOB

MXN

BRL

MYR

BYN

NOK

CAD

NZD

CHF

PAB

CLP

PEN

CNY

PHP

COP

PLN

CRC

PYG

CZK

RON

DKK

RSD

COP

RUB

EUR

SEK

GBP

SGD

GEL

THB

GIP

TRY

GTQ

TWD

HRK

UAH

HUF

USD

IDR

UYU

INR

VND

ISK

ZAR

JPY

Disburse

Disburse is a global payout platform that incorporates a broad range of payout methods.

Funds are sent or disbursed to a beneficiary, usually for payroll purposes or remittance. Transactions can be cross-border or local.

The list below represents the withdrawal or payout currency, which is sent to the beneficiary bank. This differs from the sender currency, which are the funds the sender provides when initiating a payout.

All currencies below are represented by their ISO currency code. Rapyd can send payouts using the following supported currencies:

Withdrawal Currencies

AED

LKR

ARS

MXN

AUD

MYR

BDT

NGN

BGN

NOK

BHD

NPR

BRL

NZD

CAD

OMR

CHF

PEN

CLP

PHP

CNY

PKR

COP

PLN

CZK

RON

DKK

RUB

EUR

SAR

GBP

SEK

GHS

SGD

HKD

THB

HRK

TRY

HUF

TWD

IDR

UAH

ILS

UGX

INR

USD

ISK

UYU

JPY

VND

KES

XOF

KRW

ZAR

KWD

Wallet

The Rapyd Wallet is an important hub for your business that allows you to digitally hold funds. These funds can then be used for payments and payouts through Rapyd Collect, Disburse, and Issuing cards.

All currencies below are represented by their ISO currency code. Rapyd can hold funds in the Rapyd Wallet using the following supported currencies:

Holding Currencies

AED

ISK

ARS

JPY

AUD

KRW

BDT

KWD

BGN

KZT

BND

LBP

BOB

LKR

BRL

MDL

BYN

MXN

CAD

MYR

CHF

NOK

CLP

NZD

CNY

PEN

COP

PHP

CRC

PKR

CZK

PLN

DKK

PYG

COP

RON

EGP

RSD

EUR

RUB

FKP

SAR

GBP

SEK

GEL

SGD

GIP

THB

GTQ

TRY

HKD

UAH

HUF

USD

IDR

UYU

ILS

VND

INR

ZAR

Settlement Currencies

If the presentment currency differs from the settlement currency, the presentment currency will be converted into one of the settlement currencies using standard foreign exchange rates.

Rapyd settles in a wide range of currencies. For a more detailed list of the settlement currencies that Rapyd offers, see the Rapyd Merchant Agreement.

Note

A list of settlement currencies from the Rapyd Merchant Agreement.

Settlement Country

Settlement Frequency

Settlement Currencies

Singapore

India

US

EU Countries

UK

Subject to the listed Minimum Settlement Amount in the Rapyd Merchant Agreement. Rapyd will settle for each completed transaction within seven (7) days after a transaction is completed.

Singapore - SGD

India - INR

US - USD

UK - GBP

Iceland - ISK

EMEA (non UK, Iceland) - EUR

All other countries - USD

Virtual Accounts

Virtual Accounts allow you to collect payments, while being linked to a Rapyd Wallet. Learn more about Virtual Accounts.

All currencies below are represented by their ISO currency code. Rapyd can move funds in Virtual Accounts using the following supported currencies:

Virtual Account Supported Currencies

AED

JPY

AUD

MXN

CAD

NOK

CHF

NZD

CZK

PLN

DKK

RON

EUR

SSAR

GHP

SEK

HKD

SGD

HRK

TRY

HUF

USD

IDR

ZAR

ILS