RD Wallet Announces Strategic Pivot to Web3 Fintech Innovation and Orderly Exit from SVF Business
RD Wallet, a business under RD Technologies, officially announced today that in consideration of the group’s strategic corporate transformation and business realignment, it has decided to exit the Stored Value Facilities (SVF) business. Moving forward, the Group will integrate its core resources, technical advantages, and capital to fully focus on providing Web3 and AI financial services and building a secure, efficient, and borderless global financial network.
RD Wallet emphasized that the interests of all users, partners, and employees will be fully protected. Sufficient financial and administrative resources have been allocated and we will ensure the exit process is conducted in a smooth and orderly manner. RD Wallet will provide guidance and assistance to affected customers. The overall business exit process is expected to be completed in the first half of 2027, with specific dates and subsequent arrangements to be announced in due course.
Reminder for Users to Arrange Balance Withdrawals
RD Wallet commences the orderly exit of its SVF business on 31 July 2026. While new account registrations and inward transfers are now suspended, outward transfers will continue to operate normally. RD Wallet reminds all users to withdraw their remaining stored value balance via Faster Payment System (FPS), Telegraphic Transfer (TT), or Clearing House Automated Transfer System (CHATS).
All users are advised to withdraw their remaining stored value balances by 31 August 2026 to avoid potential subsequent fees. Regarding the withdrawal procedures and arrangements, users can refer to the detailed guidelines sent via official email.
For further assistance, users may contact the customer service team via email at care@rd.group, or visit the official Terms and Conditions page at https://rd.group/terms-of-conditions/ for detailed information. For any media inquiries, please feel free to email us at pr@rd.group.
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