Circle Tech Group Launches Cross-Border Payment Brand "<span style=\"font-weight: bold;\">SourcePay</span>"

BlockBeats News, September 29th - RD Technologies announced the official launch of a new cross-border payment brand, OristaPay. The company clearly distinguishes between its two core businesses: one focuses on cross-border payment services through OristaPay, covering fiat wallets and payment services. This is operated by the group's subsidiary, RD Wallet Technology Limited (referred to as RDWT), which holds a Stored Value Facility (SVF) license. Digital payment and escrow services are provided by RD Escrow, a licensed Trust or Company Service Provider (TCSP), including other group subsidiaries holding relevant licenses to conduct business. The second core business is RD InnoTech Limited, an independent operation that participated in the Hong Kong Monetary Authority's (HKMA) stablecoin issuer sandbox in July 2024.

OristaPay is positioned as a new type of payment infrastructure service provider. Leveraging RDWT's SVF license and licenses held by other relevant subsidiaries within the group, it aims to provide enterprise customers with a secure, compliant, efficient, and innovative cross-border payment solution, combining compliance advantages with technological innovation.