Pioneering partnership, powered by Rapyd’s licensed financial services, enables Rakuten Viber to enable secure cross-border digital payments right within the Viber app
LONDON, July 29, 2022 /PRNewswire/ — Rapyd, the leading global fintech platform, partners with Rakuten Viber, a global leader in private and secure messaging and voice-based communications, to enable in-app payment transactions for the Viber app and its millions of introduce to users. Rapyd will integrate its licensed financial technology offerings directly into the Viber app. By selecting Rapyd as its first official payment partner, Rakuten Viber will enter the global digital payments market with a global user base of hundreds of millions of consumers and a strong reputation for security built on its end-to-end encryption enabled by default for private communication.
Landmark partnership enables Rakuten Viber to expand into digital payments. With the functionality provided by Rapyd, Viber users can store funds in a mobile wallet with an IBAN available in the Viber app, allowing them to send and receive funds instantly and securely with no fees. Viber first launched the service with euros and later expanded to include multiple currencies and additional services. Payments in Viber first start in Greece and Germany and will be rolled out in more countries in the near future.
Over 70% of smartphone users worldwide – more than 180 million smartphone users – are expected to use peer-to-peer mobile payments by 2026. As a result of this integration with Rapyd, Rakuten Viber is one of the first messaging platforms in the world to integrate instant digital payment capabilities into their existing platform, allowing millions of their current users to seamlessly conduct digital personal and business transactions without having to leave the Viber app.
“The future of payments is integrated fintech, and this partnership shows why we founded Rapyd in the first place: to democratize fintech for everyone,” said Arik Shiltman, CEO of Rapyd. “We are proud to provide the infrastructure and licenses 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 having to build the foundation from scratch. Through this partnership, Rakuten Viber can confidently enter the world of payments and become a leader in embedded finance, backed by Rapyd’s licensed end-to-end fintech offerings.”
“Rakuten Viber’s entry into payments is significant both for our development as a company and for our hundreds of millions of users worldwide as we help pave the way for the convergence of communications applications and digital payments. We knew we would only choose to work with a premium payment service partner to enable this development – and that’s exactly why we’re confident in working with Rapyd,” says Ofir Eyal, CEO of Rakuten Viber. “There was no doubt that in order to serve as a licensed cross-border payment solution that enables us to offer Viber users, our in-app payment offerings had to offer the top-notch security and privacy that the Viber app is already known for to offer secure and simple instant payment functions across borders.”
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About Rakuten Viber
Rakuten Viber connects people. No matter who they are or where they come from. The global user base has access to a range of features such as one-to-one chat, video calling, group messaging, and updates and discussions with their favorite brands and celebrities. Viber ensures our users have a safe and free environment to share their emotions. Rakuten Viber is part of Rakuten Group Inc., a global leader in e-commerce and financial services. It is the official instant messaging and calling app partner of the NBA’s Golden State Warriors.