RedotPay CEO says stablecoins will sit alongside traditional payment methods as the company expands to 100+ countries

RedotPay, the Hong Kong-based virtual asset payments fintech, says it is already used in over 100 countries and supports payments anywhere on the VISA network, including markets where traditional financial infrastructure is thin. For high-risk PSPs, the more relevant point is not the consumer story; it is that stablecoin-linked payments are being positioned as a parallel rail, not a replacement for cards.

1. RedotPay launched in Hong Kong in 2023 and says usage has grown quickly across more than 100 countries in two years. The company says adoption is especially high in countries with weak financial infrastructure and in some markets where the national currency is less stable.
2. The company raised $40 million in Series A funding from venture capital firms last March and is preparing for Series B. That matters because capital is still flowing into payment models built around virtual assets, even as regulatory scrutiny remains uneven by jurisdiction.
3. RedotPay supports payments on the VISA network, but not in some countries where legal risk is an issue. Michael Gao, CEO of RedotPay, said in Hong Kong on the 17th of last month that “each country has different regulatory situations” and that the company does not know what potential risks may appear.
4. Gao also said Korea has uncertain regulations, which is why RedotPay has been postponing exposure there as much as possible, even though payments can technically be made in Korea. In practice, that is the part PSPs know well: capability is not the same thing as permission.
5. RedotPay says it has not issued tokens and spends nothing on marketing or media exposure, with a global marketing team of fewer than five people. The company frames its product around the 1.4 billion people worldwide who lack access to basic financial services, especially in Africa, Southeast Asia, and Latin America.

Gao’s pitch is straightforward: blockchain is the tool, smartphones plus internet access are the delivery channel, and virtual assets should work as everyday payment instruments rather than staying parked as investments. For payment providers, the commercial question is whether that model can coexist with card networks and local regulation; RedotPay is clearly betting that it can.