Hong Kong-based fintech agency RedotPay has reportedly launched its cryptocurrency-enabled fee playing cards in South Korea, positioning itself as a possible disruptor in a market dominated by conventional bank card corporations and cellular fee companies.
The corporate’s crypto debit playing cards—each bodily and digital—at the moment are accepted in any respect Korean retailers that assist Visa, based on a Might 9 report by The Korea Financial Day by day.
The transfer marks RedotPay’s newest step in international growth, following its earlier partnership with Visa and BIN sponsor StraitsX in February 2025 to reinforce cross-border crypto fee capabilities.
RedotPay, based in 2023, has quickly scaled because the comfortable launch of its crypto card program in late 2024. It now serves greater than 4 million customers worldwide.
In South Korea, customers can obtain a digital card for $10 or a bodily card for $100, with minimal verification necessities, together with title, handle, and ID.
Studies on social media point out that the cardboard is at present accessible to Korean customers. “You need to use it straight away together with your smartphone and not using a bodily card by merely verifying your identification upon issuance,” one person wrote on X.
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RedotPay playing cards assist main cryptocurrencies
The RedotPay playing cards assist main cryptocurrencies like Bitcoin (BTC) and Ether (ETH) and stablecoins equivalent to USDC (USDC) and USDt (USDT). Customers can load their playing cards with crypto property from several blockchains, together with Solana, Polygon, BSC, Tron, and Arbitrum.
One standout function is RedotPay’s real-time stablecoin fee and refund system. When a purchase order is made, stablecoins are deducted immediately from the person’s pockets.
If a transaction is canceled, refunds in USDC or USDT are processed inside minutes.
RedotPay can be appropriate with Apple Pay in Seoul, giving it an edge in a market the place Apple Pay is at present restricted to Hyundai Card clients. The compatibility may show essential as RedotPay challenges Korea’s established fee infrastructure.
Crypto adoption has been accelerating in South Korea, the place over 16 million people reportedly hold crypto. This has additionally made crypto a key matter within the 2025 South Korean presidential race.
On Might 6, South Korea’s Democratic Get together chief Lee Jae-myung became the latest presidential candidate to vow the approval of spot crypto exchange-traded funds (ETFs) and different crypto-friendly measures, ought to he be elected.
South Korea’s ruling celebration, the People Power Party, additionally reportedly made crypto coverage guarantees in late April, which included permitting spot crypto ETFs, dismantling Korea’s controversial one-exchange-one-bank rule, and establishing a regulatory framework for stablecoins.
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