Cowrie Research

redotpay

3 min read

RedotPay

  • Name: RedotPay
  • URL: https://www.redotpay.com/
  • Category: stablecoin spend-and-merchant-payments control plane / card-and-wallet infrastructure / crypto-to-fiat settlement layer
  • Summary: RedotPay is a combined consumer spend stack and merchant settlement backend. The card app is the visible part; the more important layer is the hosted merchant checkout system, signed callback and key-management model, compliance gating, and T+1 settlement machinery.
  • What it does:
    • Runs a stablecoin-based payments app with wallet balances, virtual and physical cards, and global merchant spending
    • Lets users fund accounts through on-chain deposits, Binance Pay, and in some cases card-based crypto purchases, then spend through RedotPay cards or supported payment flows
    • Supports international transfer workflows that convert crypto such as USDT, USDC, or BTC into local currency sent to bank accounts or e-wallets
    • Operates RedotPay Connect, a merchant-facing payment stack that lets websites or apps accept stablecoin payments while merchants receive fiat settlement
    • Offers both redirect-style hosted checkout through Paylinks and more customized Open-API flows with QR codes, deeplinks, and merchant-managed payment displays
    • Exposes operational integration details around signed API requests, callback verification, key versioning, and v2 migration for merchant payment flows
  • Key claims:
    • The RedotPay Connect docs say websites and apps can accept stablecoin payments from customers while merchants receive direct payouts in local currency, and also say RedotPay currently offers standard T+1 settlement in USD with other local currencies being prepared
    • The Connect overview says processing fees are often below 2%, promotes OpenAPI plus checkout SDK integration, and says compliance is central to the service with KYC, AML, VASP, on-chain screening, merchant KYB, and ongoing monitoring
    • The Payment Integration Guide says RedotPay Connect supports two primary flows: hosted Paylink checkout and Open-API payment retrieval for custom merchant experiences, including QR-code and deeplink payment variants
    • The signature guide says production API requests with body parameters must be signed using SHA256withRSA, public keys must be exchanged with the merchant platform, callback signatures must be verified, and key rotation is recommended every 12 months
    • The Open API v2 guide says RedotPay now standardizes order creation, payment-method retrieval, query, and refund behavior under a unified response model, with explicit support for URLs, QR codes, deeplinks, and payment variants in custom checkout pages
    • The consumer help center says RedotPay is a stablecoin-based payment app with stablecoin cards, an all-in-one wallet, merchant acceptance through major card networks, international availability in more than 158 countries, and ATM withdrawals via physical cards
    • The “How to Get a RedotPay Card” article says users complete identity verification, add crypto through Binance Pay or on-chain deposits, and then apply for virtual or physical cards in the app
    • The international transfer article says users can convert crypto into local currency and send funds to bank accounts or e-wallets, highlights routes such as Nigeria and Brazil, mentions local transfer networks like Pix, SPEI, and SEPA, and says USD and EUR transfers to other people are supported
  • Whitepaper: No canonical standalone RedotPay whitepaper or litepaper surfaced in this pass. The clearest current sources of truth were the RedotPay Connect docs and the consumer help-center articles for wallet/card operations and international transfers; see ../whitepapers/redotpay-primary-sources-2026-05-07.md.
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