RedotPay has secured Virtual Asset Service Provider (VASP) registration in Mexico, marking another step in the company’s effort to expand regulated stablecoin payment services across Latin America.
The approval allows RedotPay to conduct virtual asset operations under Mexico’s anti-money laundering framework while also supporting its approved credit card issuer activities. The company said the registration reflects its long-term strategy of prioritizing regulatory compliance as it expands into new markets.
According to RedotPay, the authorization strengthens its ability to work with local partners, regulators, and customers while ensuring its services operate within established legal requirements. The company views compliance as a key foundation for building trust and supporting broader adoption of digital asset-based payments.
Another milestone achieved! 🎉
RedotPay completed VASP registration enabling virtual asset operation activities under AML registration in Mexico
Our LATAM and global growth continues to expand, compliance-first as always 😎
Read more here: https://t.co/73fgghh35m pic.twitter.com/ig7l3oF2yA
— RedotPay Official (@RedotPay) June 11, 2026
RedotPay Plans New Credit Card Program in Mexico
Following the registration, RedotPay said it is working with international partners to launch its third credit card program in Mexico. The initiative is expected to complement the company’s stablecoin payment infrastructure and help bridge digital assets with everyday spending.
The firm also plans to expand its local workforce across compliance, operations, and business development functions. RedotPay said the investment is aimed at supporting long-term growth and maintaining close engagement with regulators and industry stakeholders.
Chief Executive Officer Michael Gao said the company remains focused on building locally embedded infrastructure that can scale sustainably across multiple markets while maintaining strong regulatory standards.
Regulatory Approvals Become Key Growth Strategy
The Mexico registration adds to RedotPay’s growing list of regulatory approvals globally. The company recently obtained Money Services Business registrations in Canada and the United States, as well as a VASP license in Argentina.
Rather than operating solely through cross-border structures, many digital asset firms are increasingly pursuing local licenses to strengthen market access and regulatory certainty. The trend reflects growing scrutiny of crypto-related services worldwide and rising demand for compliant digital payment solutions.
As competition in stablecoin payments intensifies, regulatory approvals are becoming an important differentiator for firms seeking to expand internationally while building trust among users, financial partners, and policymakers.
Notably, RedotPay has emerged as an unexpected leader in the crypto card sector, processing $2.95 billion in transactions during 2025 and capturing an estimated 80.6% share of total crypto card volume, according to on-chain data.
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