(Hong Kong, 15 November 2023) Hong Kong’s licensed Stored Value Facility RD Wallet Technologies Limited (RD Wallet) (licence number: SVF0016), a mobile wallet designed for businesses, announced today it will commence full operations on 16 November. RD Wallet will provide mobile remote account opening and multi-currency payment services for Hong Kong, overseas, and offshore businesses to overcome the pain points of long processing time of account opening and high transaction cost in cross-border payments that global businesses face.

RD Wallet enables businesses to open an account remotely in as fast as 1 hour upon submission of all required materials, and manage local and cross-border payments, as well as foreign exchanges on mobile anytime, anywhere. 

Businesses can use the wallet-to-wallet transfer to send and receive money instantly. RD Wallet supports multiple currencies that are commonly used in the region including HKD, CNY, USD, EUR, and JPY, and, based on customer demand, will support more currencies in the future.

Norman Chan, Chairman, RD Wallet, said “After 2 years of preparation and hard work by the team, I am delighted that RD Wallet is now commencing full operations. Hong Kong is one of the world’s largest merchandise and commercial services trading economies, and RD Wallet, as the first multi-currency mobile wallet for businesses in Hong Kong and in Asia, can connect the corporates globally with its secure, compliant, fast, and efficient mobile remote onboarding and payment services. RD Wallet will help businesses to upgrade their efficiency in trade and promote the development of Hong Kong as an international financial centre and the premier trade hub in Asia. “

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About RD Wallet: 

RD Wallet Technologies Limited (“RD Wallet”), a subsidiary of RD Technologies Group, obtained the Stored Value Facility (SVF) Licence from the Hong Kong Monetary Authority in December 2022 (licence number: SVF0016). RD Wallet is Hong Kong’s first multi-currency mobile wallet for businesses; addressing the pain points of long processing time in account opening and high transaction cost in cross-border payments that global businesses face. 

Through RD Wallet, Hong Kong, overseas, and offshore businesses can remotely open an account on mobile and manage local and cross-border payments, as well as foreign exchanges anytime, anywhere. RD Wallet supports multiple currencies that are commonly used in the region, including HKD, CNY, USD, EUR, and JPY. 

About RD Technologies:

RD Technologies Group (“RD Technologies”) deploys innovative fintech to build a business world interconnected by trust. Based in Hong Kong and connected with the global community, RD Technologies was born out of a mission to enable businesses to gain easier access to financial services, enhance trade efficiency, and promote the development of Hong Kong as a trade hub in Asia and an international financial centre. For details: https://rd.group