RedotPay taps OpenPayd for global stablecoin payments

RedotPay has selected OpenPayd to support its global stablecoin payment infrastructure, a move aimed at its customer base of millions of users.

According to the companies, the partnership will cover treasury operations, multi-currency payments and cross-border remittances. RedotPay said the integration is intended to improve how customers move funds between local currencies and digital assets.

For RedotPay, the arrangement adds external financial infrastructure as it seeks to expand the use of stablecoin-based payments in everyday transactions. The company describes itself as a global payments fintech focused on linking blockchain tools with conventional banking and finance systems.

OpenPayd provides payment and banking infrastructure for businesses moving money across fiat currencies and digital assets. Its services include embedded accounts, foreign exchange, domestic and international payments, open banking connections and stablecoin on- and off-ramps.

The integration is expected to support faster cross-border remittances and broader multi-currency payment options for RedotPay users. It is also designed to improve behind-the-scenes liquidity management, allowing transactions to be processed with fewer delays across markets.

Payments link

The tie-up reflects a wider push across financial technology to connect digital asset services with established payment rails. Stablecoins have become an increasingly important part of that effort, particularly in remittances and international settlements, where providers argue that round-the-clock transfer systems can reduce friction in moving money between jurisdictions.

RedotPay said its goal is to make digital finance more practical for daily use, particularly for people sending or spending digital assets across borders. It also says it serves users outside mainstream banking as well as customers already active in crypto markets.

One practical effect of the arrangement is that RedotPay will be able to draw on OpenPayd's banking and payments network as it scales. OpenPayd says it works with more than 1,100 businesses and processes more than USD $240 billion in annual volumes.

Its client list includes digital finance and trading groups such as eToro, Kraken, OKX and B2C2. That footprint has helped position OpenPayd as an infrastructure supplier to firms trying to bridge traditional finance and digital assets without building the underlying payments stack themselves.

Jonathan Chan outlined RedotPay's reasoning for the deal in a statement on the partnership.

"Our goal has always been to make digital finance accessible and practical for everyday use. By partnering with world-class infrastructure providers, we're removing friction from cross-border payments. This collaboration allows RedotPay users to enjoy effortless multi-currency payments and faster cross-border remittances, helping us better serve customers as our global reach expands," said Jonathan Chan, Head of Partnerships and Co-Founder at RedotPay.

Scaling infrastructure

The arrangement also highlights how infrastructure suppliers are trying to serve fintech groups that operate across both fiat and stablecoin systems. Rather than focusing only on consumer-facing products, these providers are pitching treasury tools, payment routing and currency conversion as the plumbing needed to support larger transaction volumes.

OpenPayd was founded in 2018 by Dr Ozan Ozerk and built its business around a single application programming interface that connects multiple financial services. The company says that the model allows clients to manage payments and money movement across different rails without relying on separate providers for each function.

Lux Thiagarajah, Chief Commercial Officer at OpenPayd, said the ability to move between payment rails, currencies and stablecoins has become increasingly important as payment firms grow internationally.

"RedotPay is building one of the most compelling payment experiences at the intersection of traditional finance and digital assets. As it continues to scale globally, the ability to move seamlessly between payment rails, currencies and stablecoins becomes a competitive advantage. OpenPayd is proud to provide the infrastructure that enables RedotPay to deliver faster, more efficient and more flexible money movement for customers around the world," said Lux Thiagarajah, Chief Commercial Officer at OpenPayd.