Singapore · Payments & e-money
Rapyd Holdings Pte LTD
Legal name in the LEI recordRAPYD HOLDINGS PTE. LTD.
Rapyd Holdings Pte. Ltd. is a Singapore private company limited by shares. The Monetary Authority of Singapore (MAS) licenses it as a Major Payment Institution under the Payment Services Act 2019, licence number PS20200311. It is the Singapore member of the Rapyd group, which describes itself as an "AI-native fintech". It offers businesses card acquiring, local payment methods, payouts, e-money wallets, multi-currency accounts and card issuing, and serves them under its own MAS licence. Some regulated services are delegated to third-party Network Partners.
Licences and registrations
Held by Rapyd Holdings Pte. Ltd. (LEI 98450058A9EDD6AH5053). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| MAS Financial Institutions Directory - Major Payment InstitutionMonetary Authority of Singapore (MAS)Linked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Major Payment InstitutionPayment Institution | Not published by the register | Singapore | Active | — | — |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- RAPYSGS2XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of RAPYSGS2 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2022-09-03
- Last updated
- 2022-09-03
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
Firm type
Merchant acquiring and processing
Trades as Rapyd
- Ownership
- The firm belongs to the privately held Rapyd group, whose website is operated under the name Rapyd Financial Network (2016) Ltd. The sources reviewed do not name its direct shareholder.
- Head office
- 7 Teo Hong Road, 088324 Singapore, Singapore
- Company register
- ACRA UEN 201833125K
- Incorporated
- 27 Sep 2018
- Founders
- Arik Shtilman · Arkady Karpman · Omer Priel
Online
- Websites & references
- rapyd.net ↗
docs.rapyd.net ↗ developer documentation - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · Discord ↗ · Threads ↗
Sources · 11 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/227554-RAPYD-HOLDINGS-PTE-LTD
- rapyd.net/security-compliance/regulatory-framework/
- rapyd.net/security-compliance/general-terms-sg/
- rapyd.net/company/about-rapyd/
- rapyd.net/contact/
- rapyd.net/company/news/press-releases/rapyd-partners-with-lytepay-and-era-singapore-to-launch-the-f
- rapyd.net/company/news/media-coverage/rapyd-expands-card-acquiring-solution-to-singapore/
- go.rapyd.net/singapore-card-acquiring
- businesswire.com/news/home/20250909572698/en/Rapyd-Launches-Stablecoin-Payment-Solutions-Digital-Versatili
- calcalistech.com/ctechnews/article/rjjmeyl3jl
- calcalistech.com/ctechnews/article/h1r00jfrgzl
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
MAS licenses the firm as a Major Payment Institution for account issuance, domestic and cross-border money transfer, merchant acquisition and e-money issuance. Its terms allow it to delegate some services to third-party Network Partners.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution | PS20200311 | In its own name | Active | eservices.mas.gov.sg ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that it holds customer funds in designated trust accounts with a safeguarding institution, segregated from its corporate funds but pooled with other customers' funds.
- Payment schemes and card networks
- Mastercard Direct rapyd.net ↗
Visa Access not stated go.rapyd.net ↗
PayNow Access not stated rapyd.net ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
The firm serves business customers in Singapore. Its services include online and card acquiring, e-money wallets, virtual accounts, payouts and currency conversion, delivered through an API platform.
The firm contracts with business customers under Singapore law and its MAS licence. The wider Rapyd group reaches other countries through affiliated entities and Network Partners.
- Sells to
- Enterprises · Small businesses · Platforms and marketplaces
- Serves customers in
- Singapore
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Arik Shtilman
CEO (Rapyd group)
- Chief financial officer
-
Nir Mlynarsky
Chief Financial Officer (Rapyd group)
- Executive
-
Robert Gray
Chief Risk Officer (Rapyd group)
- Founder
-
Arkady Karpman
Chief Technology Officer (Rapyd group)
- Founder
-
Omer Priel
VP Rapyd DNA (Rapyd group)
- Executive
-
Yoav Lande
Global General Counsel (Rapyd group)
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The Rapyd group announced a restructuring around artificial intelligence, with layoffs whose scale it did not formally disclose.
calcalistech.com ↗ -
Other
The Rapyd group launched stablecoin payment services, which it said third-party partners provide.
businesswire.com ↗ -
Merger / acquisition
The Rapyd group completed its acquisition of PayU GPO from Prosus for about USD 610 million, as reported by Calcalist.
calcalistech.com ↗ -
Funding
According to Calcalist, the Rapyd group raised USD 500 million, mostly equity, at a valuation of about USD 4.5 billion.
calcalistech.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- RAPYSGS2XXX
- How the BIC breaks down
- RAPYBank
- SGCountry · Singapore
- S2Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 98450058A9EDD6AH5053
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- b4adea8b15ac
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 1 entry on 1 register
- Activities
- Money remittance
- Payment services
- Card acquiring
- E-money / stored value
- Licensed in
- Singapore
- Country · region
- Singapore · East Asia & Pacific
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- 89 NEIL ROAD THE WORKING CAPITOL FLOOR 2 SINGAPORE 088849 SINGAPORE
- Operational address
- 89 NEIL ROAD THE WORKING CAPITOL FLOOR 2 SINGAPORE SINGAPORE 088849 SINGAPORE
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>RAPYSGS2XXX</BICFI>
<LEI>98450058A9EDD6AH5053</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>RAPYSGS2XXX</BICFI>
<LEI>98450058A9EDD6AH5053</LEI>
<Nm>RAPYD HOLDINGS PTE LTD</Nm>
<PstlAdr>
<TwnNm>SINGAPORE</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>89 NEIL ROAD THE WORKING CAPITOL FLOOR 2 SINGAPORE 088849</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- MAS Financial Institutions Directory - Major Payment Institution—Monetary Authority of Singapore (MAS) · register ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: rapyd.net (official website) · original; Arik Shtilman: rapyd.net (official website) · original; Nir Mlynarsky: rapyd.net (official website) · original; Robert Gray: rapyd.net (official website) · original; Arkady Karpman: rapyd.net (official website) · original; Omer Priel: rapyd.net (official website) · original; Yoav Lande: rapyd.net (official website) · original.
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A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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