Cyberport FinTech start-up RD Technologies recently launched the RD Wallet, a licensed Stored Value Facility (licence number: SVF0016) and Hong Kong’s – as well as Asia’s – first multi-currency mobile wallet tailored for businesses.
RD Wallet enables 100% mobile account opening, not only for Hong Kong but also for overseas and offshore businesses.
This streamlined process allows businesses to conveniently open an account 100% remotely through their mobile devices, eliminating the need for traditional in-person visits to banks. It facilitates businesses whose key people possess a Hong Kong Identity Card , China Resident Identity Card, or passport.
With the RD Wallet, businesses can securely store money, make local and cross-border payments, as well as handle foreign exchange anytime, anywhere. They can also send and receive instant wallet-to-wallet transfers. Ensuring maximum flexibility for businesses operating in the global market, RD Wallet supports all commonly used currencies, including HKD, CNY, USD, EUR, and JPY.
Mundane traditional banking processes are done away with by FinTech. Once corporate identity is successfully verified, the entire account opening process could be completed in as little as one hour. RD Wallet’s ongoing customer due diligence also ensures that compliance with prevailing banking regulatory standards is maintained.
Best of all, RD Wallet is regulated by the Hong Kong Monetary Authority and all customer funds are securely held in custodial banks.
RD Technologies is not just facilitating business efficiency; it is opening doors for Web3 companies, and businesses from diverse jurisdictions to take advantage of Hong Kong’s leading financial and FinTech services and robust regulatory regime.
This move aligns with the start-up’s mission to reinforce Hong Kong’s position as a leading international financial centre and a premier trade hub in the FinTech era.