Red Dot Payment
 | |
| Headquarters | 38B North Canal Road, Singapore 059294 |
|---|---|
| Country of origin | Singapore |
| Area served | Singapore, Thailand, Indonesia |
| Founder(s) | Randy Tan |
| Industry | Payment Gateway |
| Website | http://www.reddotpayment.com/ |
Red Dot Payment (RDP) is an online payment service provider headquartered in Singapore. The company provides online payment gateway systems, payment consulting and merchant acquisition services for businesses that require the processing of online credit card transactions.[1] It holds a Payment Card Industry Data Security Standard (PCI DSS) Level 1 Certification for its payment gateway. Red Dot Payment supports different modes of payment such as Visa, MasterCard, Nets, China UnionPay, TenPay, Alipay and 99bill.
History
Established in 2011, Red Dot Payment was founded by Randy Tan[2][3][4] and is currently acting as its managing director. Initially starting out in Singapore, it has expanded to other regions of Southeast Asia such as Thailand and Indonesia.
In 2014, Red Dot Payment acquired funding from investors, GMO Global Payment Fund[5] and Wavemaker Pacific.[5] In the same year, Red Dot Payment started supporting MasterPass,[6] enabling their merchants' payment page to be used with MasterPass.
In 2015, Red Dot Payment became partners with Sourceguru[7] and provided digital payments service to them.
In 2016, Red Dot Payment secured a seven-figure funding by MDI Ventures, the venture arm of Indonesia's Telkom.[8]
Products and services
- RDP Connect is Red Dot Payment’s payment gateway. It is 3D secure and is PCI DSS Level 1 certified. It secures credit card payment transactions that are made online and serves as an alternative to the physical terminal mode of payment.
- InstanCollect is an e-invoicing solution for businesses with no online presence. It involves e-billing and e-payment in a single e-mail invoice and allows brick and mortar businesses to provide electronic statements to their customers.
- InstanPay allows businesses to have a simple e-commerce website for online credit card transactions between merchants and customers.
- InstanPromo allows the customer to choose from a list of available promotions before they make payment. The payment amount will be automatically adjusted based on the promotion that is selected.
- InstanToken is an add-on feature which securely stores cardholder credit card details, pre-loading them for faster payments during subsequent checkouts.
They also include Shopping Cart Plug-ins: Cubecart, Drupal, Jigoshop, Magento, Opencart, Oscommerce, Prestashop, Virtuemart, Woocommerce
See also
References
- ↑ Pang, Jaslene (18 March 2014). "Filling a gap in e-payment modes". SME INC. The Business Times. Retrieved 1 April 2015.
- ↑ Ong, Geralyne Kaye (7 July 2015). "Feel Like You Are Too Old To Be an Entrepreneur? Think Again.". Tech Storm. Tech Storm.
- ↑ "RED DOT PAYMENT, INTERVIEW WITH MD RANDY TAN". FinSMEs. 21 November 2014.
- ↑ Bloomberg Business
- 1 2 Daniel Tay (2 September 2014). "Red Dot Payment raises series A round to bring payment solution to Southeast Asia". Tech In Asia.
- ↑ "More Singapore Merchants and Banks Choose MasterPass". 12 November 2014.
- ↑ Daniel Tay (24 February 2015). "Not just another talent marketplace: Sourceguru has a plan to beat Elance-oDesk". Tech In Asia.
- ↑ Freischlad, Nadine (12 August 2016). "Singapore's Red Dot Payments receives investment led by Telkom's VC arm". Techinasia. Techinasia. Retrieved 12 August 2016.
