RapidX
Sri Lanka's first locally built inward remittance platform.
Distribute international transfers across every channel bank accounts, partner banks, national payments, mobile wallets or pay-by-ID agents from a single platform, with an integrated mobile wallet for merchants and bills.
A platform built for how banking works.
RapidX was built to solve the last-mile problem in remittance: getting money reliably into the hands of recipients across every channel available in the market. Whether that is a bank account, a mobile wallet, an agent location or a national payment network, RapidX manages the routing, reconciliation and compliance from a single operations hub while giving recipients a full-featured mobile wallet to hold, spend and transfer their funds.
Key capabilities.
Every feature in RapidX was designed by people who understand the operational realities of financial institutions.
Multi-Channel Distribution
Route inward remittances to bank accounts, mobile wallets, agent locations and national payment networks from a single hub.
Pay-by-ID Agents
Enable cash collection via a nationwide agent network using NIC or account-based identification for recipients without bank accounts.
Consumer Mobile Wallet
A branded mobile wallet for recipients to hold, spend and transfer remittance funds digitally with full transaction history.
Merchant Payments
Integrated merchant payment acceptance and bill settlement for wallet holders at point of sale and online.
AML & Compliance
Built-in AML transaction monitoring, sanctions screening, KYC workflows and regulatory reporting for remittance corridors.
FX Rate Management
Real-time corridor rate management with spread controls, rate locks and automated hedging support.
Partner Bank Integration
API-based integration with partner banks and national payment infrastructure for instant credit to beneficiary accounts.
Operations Dashboard
Centralised operations dashboard for reconciliation, exception management and corridor performance monitoring.
How we get you live.
Corridor Configuration
Configure your remittance corridors, compliance rules, FX rate parameters and payout channel priorities for each market.
Partner Integration
Connect to partner banks, mobile money operators and national payment networks via RapidX's pre-built API connectors.
Channel Activation
Activate agent network enrolment, mobile wallet issuance and bank account payout each channel independently or simultaneously.
Operations Launch
Go live with full monitoring, real-time reconciliation and exception management tools from day one.
- Multi-channel remittance distribution
- Bank account, wallet and agent payout
- Pay-by-ID agent collection network
- Integrated consumer mobile wallet
- Merchant payments & bill settlements
- AML monitoring and sanctions screening
- Real-time corridor FX rate management
- Partner bank API integrations
What sets it apart.
Built for the last mile
RapidX is designed around the reality that many remittance recipients are underbanked with agent payout, pay-by-ID and wallet channels built in from the start.
Compliance without compromise
AML monitoring, sanctions screening and KYC are not third-party additions they are native to the RapidX transaction engine.
One platform, every channel
Operators manage all payout channels, all corridors and all compliance obligations from a single operations hub.
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Ready to see RapidX in action?
Request a personalised demo and our team will walk you through exactly how RapidX would work for your institution.