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3.3/ 5
Our score
Fair
What is RedotPay?
RedotPay is a Hong Kong-based stablecoin payments company offering custodial virtual and physical cryptocurrency cards.
Company and backers
RedotPay was founded in April 2023. Michael Gao and Jonathan Chan are identified as co-founders. The company operates through legal entities including Red Dot Technology Limited, Red Dot Trust Limited, RedotX (Tango) Limited, and Red F. Technology Limited. RedotPay is also a regulated virtual asset service provider.
How the cards work
The cards let customers spend digital assets through a custodial account rather than a self-custody wallet. RedotPay offers both virtual and physical cards, with support for instant transactions. The cards are compatible with Apple Pay and Google Pay, which allows spending through supported mobile wallets. Custody services are provided through a licensed trust company, with stated insurance coverage of USD 42 million.
Fees and availability
RedotPay serves users in more than 100 countries. Recent product activity includes SPEI top-ups in Mexico and payments through supported Bre-B QR codes in Colombia. The cards are intended for in-store and online purchases, while virtual cards can also be used with supported mobile wallets.
Track record and risks
RedotPay reported 3.5 million users in April 2023 and 8.5 million users as of June 2026. It announced completion of a financial audit on September 28, 2026, alongside a separate review of its anti-money-laundering and counter-terrorist-financing controls. The audits were conducted by Big Four firms, although the firms were not named.
Custody creates exposure to the card provider and its trust company.
Founders
Michael GaoCo-founder
Jonathan ChanCo-founder
Best for:International crypto spendingStablecoin card paymentsApple Pay crypto spendingTravelers using virtual cards
Pros and cons
Pros
- Virtual and physical cards are available
- Apple Pay and Google Pay compatibility
- Available in more than 100 countries
- Cards accepted at over 130 million merchants
- Custody services include stated USD 42 million insurance coverage
Cons
- Custodial account creates provider and compliance exposure
- Financial audit firms and reports were not named
Our review
3.3/5
Fair
RedotPay combines broad merchant acceptance with virtual and physical cards, though its custodial model means users do not control their private keys.
RedotPay is a custodial crypto card app founded in April 2023 in Hong Kong. It offers virtual and physical cards for spending crypto balances, with acceptance at more than 130 million merchants. The card supports Apple Pay and Google Pay for online, mobile and in-store payments. RedotPay reported 8.5 million users in mid-2026.
Recent product activity includes SPEI top-ups in Mexico and payments through supported Bre-B QR codes in Colombia. The app therefore has some local payment integrations alongside its card product.
Custody is the central trade-off. RedotPay uses a custodial account, so the company or its service providers control the balances used for card spending. Custodian services are provided through a licensed trust company, with stated insurance coverage of $42 million. That adds an institutional custody layer, but it does not provide the direct wallet control of a self-custodial card.
RedotPay says it completed a financial audit and a separate review of its anti-money-laundering and counter-terrorist-financing controls in September 2026. A Big Four firm conducted each review, while the firms were not named. Reports also differ on the timing of a potential U.S. listing, with regulatory approvals and legal issues reported around the process.
Sources (2)
Fees & limits
| Card format | Virtual, Physical · unverified |
|---|---|
| Custody | Custodial |
| Spend stablecoins | Yes · unverified |
| Apple Pay | Yes · unverified |
| Google Pay | Yes · unverified |
Not disclosed by the provider: Card type, Card network, KYC required, Business card, Max cashback, Rewards paid in, Staking needed for top rewards, Welcome bonus, Card issuance fee, Monthly fee, Annual fee, Foreign exchange fee, Top-up fee, Crypto conversion spread, ATM withdrawals, Daily spending limit, ATM withdrawal limit, Available in, Not available in, Spendable assets, Top-up networks, Card currencies, Good for, Perks, Card issuer, Virtual card fee, Referral program.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Virtual cards
Virtual cryptocurrency cards support instant transactions and can be used with Apple Pay and Google Pay.
Physical cards
Physical cards let customers spend crypto balances at more than 130 million merchants worldwide.
Mobile wallet support
RedotPay cards are compatible with Apple Pay and Google Pay for supported mobile-wallet payments.
Custodial account
Crypto balances are held through RedotPay's custodial service, with custody provided through a licensed trust company.
International spending
Operates in more than 100 countries, with card payments for shops and online purchases.
Local payment support
Recent additions include SPEI top-ups in Mexico and supported Bre-B QR payments in Colombia.
RedotPay screenshots
What users say about RedotPay
App Store reviewers praise RedotPay for international card payments, Apple Pay compatibility, ease of use, and fast transactions. App Store reviews focus on update-related app failures, weak support, verification and document problems, and repeated decline fees.
Top goods
In their own words
“Redotpay crypto card and wallet Redotpay is the best! Can swipe at all terminals with visa with your virtual card and make transactions with your physical card. The best crypto wallet for me! With A grade cybersecurity”
“Fast Card! Transactions are very fast and are in sync with my Apple Pay.”
“Great app Is easy and efficient to use and it’s a great way to pay”
“Scam Billing and Deceptive Decline Fees! This app is a total fraud. They charge predatory automated decline fees ($0.50 per failure) on my personal card without any explicit warning, forcing my wallet balance into negative values (-6.65 USD) just because a transaction failed!”
“The worst support team The worst experience ever plus the support team never reply it leaves you on the stupid ai assistant i was having a problem with the transaction no one helped me”
“Can’t open it Since the last update, when i try to open redotpay, its does not open.The app stays closed even after rebooting my iphone 12 pro”
Based on 45 App Store reviews from the last 12 months, checked Oct 18, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used RedotPay? Share your experience below.
Funding and investors
1Round
1Investor
-
Funding round Amount undisclosed
FAQ
Who founded RedotPay?
RedotPay was founded by Michael Gao and Jonathan Chan in April 2023. The company is based in Hong Kong.
Where is RedotPay available?
RedotPay has served users in more than 100 countries. Recent supported payment activity includes SPEI top-ups in Mexico and Bre-B QR payments in Colombia.
Is RedotPay custodial?
Yes, RedotPay is a custodial crypto card service. Custodian services are provided through a licensed trust company, with stated insurance coverage of $42 million.
Does RedotPay support Apple Pay and Google Pay?
Yes, RedotPay offers virtual and physical cards compatible with Apple Pay and Google Pay.
Is RedotPay safe?
RedotPay completed a financial audit and a separate review of its anti-money-laundering and counter-terrorist-financing controls in September 2026. Its custodial structure means balances depend on the company and its service providers.
Latest from RedotPay on X
✈️ More countries. Same eSIM.
Get a regional eSIM in the RedotPay app with the stablecoins you already hold.
Choose unlimited data or top up a limited-data plan without reinstalling.
Watch how to buy and top up 👇 https://t.co/kdlucokadN
Get a regional eSIM in the RedotPay app with the stablecoins you already hold.
Choose unlimited data or top up a limited-data plan without reinstalling.
Watch how to buy and top up 👇 https://t.co/kdlucokadN
Without Satoshi’s Bitcoin whitepaper, there would be no RedotPay.
Eighteen years later, we’re grateful it was published. https://t.co/XuNy6di8B2
Eighteen years later, we’re grateful it was published. https://t.co/XuNy6di8B2
You trust us with your everyday spending. We take that seriously.
Here’s how we work to protect your funds.
Take a closer look 👇 https://t.co/nPK1z1bAAb
Here’s how we work to protect your funds.
Take a closer look 👇 https://t.co/nPK1z1bAAb
We’re back at Hong Kong FinTech Week 2026. 🇭🇰
Come meet the team and pick up some merch. 🎁
📍 Booth 5E-NA02, Hall 5E, HKCEC
📅 Nov 2–3 https://t.co/yrpubFqerN
Come meet the team and pick up some merch. 🎁
📍 Booth 5E-NA02, Hall 5E, HKCEC
📅 Nov 2–3 https://t.co/yrpubFqerN
Recent public posts from @RedotPay, shown as published. Not reviewed or endorsed by CryptoReview.
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