Spanish neobank Bnext selects Rapyd for Latin America expansion

Global FinTech as a Service company Rapyd has announced a deal with Bnext, Spain’s mobile neo-bank for cash collection with plans to expand services across LATAM. 

The collaboration will enable Bnext customers to make cash deposits to their accounts in over 30,000 locations in the country and will expand to interbank deposits later via Rapyd’s global payments network. Rapyd’s platform will allow cash collection using their payments infrastructure, where it maintains complete transparency of where the money came from. The cash deposits can be easily made at all Rapyd Point of Sale (POS) systems throughout Mexico.

Read more: IBSintelligence