StraitsX, a leading digital asset infrastructure provider in Southeast Asia, is proud to support the launch of RedotPay’s innovative digital asset-backed card programme in Singapore. As the VISA BIN sponsor, StraitsX plays a pivotal role in enabling this initiative, ensuring that users can seamlessly transact with their digital assets across VISA’s global merchant network.

Unlocking Seamless Transaction

The new card programme enhances the usability of digital assets for everyday payments. By leveraging StraitsX’s robust infrastructure, users can effortlessly convert and spend their digital assets across millions of VISA-accepting merchants worldwide. This initiative reinforces StraitsX’s commitment to bridging the gap between digital assets and traditional finance, making digital asset payments as seamless as conventional payment methods.

Commitment to Compliance and Security

StraitsX remains dedicated to upholding the highest compliance and security standards in digital asset payments. As the BIN sponsor, we ensure that the programme adheres to regulatory requirements while implementing robust security measures to safeguard user transactions and data, fostering confidence in the adoption of digital asset payments.

Expanding Access to Digital Asset Payments

Speaking on the partnership, Jason Tay, Head of Commercial at StraitsX said: “As a key enabler of digital asset payments in Southeast Asia, StraitsX is excited to support RedotPay in launching this transformative card programme. This initiative marks a significant milestone in expanding the real-world utility of digital assets. By leveraging our technology and compliance expertise, we are making it easier than ever for businesses and consumers to integrate digital assets into their everyday financial activities.”

Michael, CEO of RedotPay said: “We are thrilled to partner with Visa and StraitsX to bring this innovative card program to Singapore. This collaboration marks a significant step forward in our mission to make crypto payments accessible and user-friendly, promoting the mass adoption of cryptocurrencies in payment systems. Our users will enjoy the flexibility of spending their digital assets just like traditional currency.”

“Based on a VISA study, close to six in 10 consumers in Singapore are aware of digital assets. In fact, over 35 per cent of digital asset owners in Singapore use them for retail purchases.[1] We are happy to support our partners who are helping more digital asset users have a seamless payment experience and access to digital payments leveraging their Visa cards for face-to-face or online transactions. Visa is committed to promoting innovation with our valued partners, and this initiative with StraitsX and RedotPay aligns with our vision to become the best way to pay and be paid,” said Adeline Kim, Visa Country Manager for Singapore & Brunei.

Moving Forward

The RedotPay card programme was soft-launched in late 2024, offering a secure and user-friendly interface designed for convenience and financial flexibility. StraitsX remains committed to driving innovation in digital asset payments, ensuring that businesses and individuals can confidently integrate digital assets into everyday transactions.

Find out how StraitsX’s card issuance services can support your business and your customers by connecting with our team here.  

^[1] Visa Green Shoots Radar: Study conducted across Asia Pacific markets, including 500 Singapore respondents in June 2023.