According to a release, RDP has selected the Fraud Risk Management and Prevention solutions delivered as a SaaS model.
RDP was founded by CEO Randy Tan who initially launched the company in Singapore. Since its inception, RDP has expanded to other regions, with local offices in Australia, Indonesia, Taiwan, and Thailand. The company says it is planning further expansion in Japan, Hong Kong, and Malaysia.
RDP recently became a principal member with both Visa and MasterCard. They are already an acquirer for AliPay, Diners Club International, WeChat Pay, and Union Pay, with a payment suite that includes AMEX, PayPal, PayLah and PayNow (SGQR) and other alternative local payment methods.
David Owyong, COO, Red Dot Payment, stated:
“We believe that conquering eCommerce fraud requires a global perspective, and we pride ourselves on working closely with our merchants to help them harness the power of payments. As we overcome the turbulence of the past 24 months, we believe that the hospitality sector is the next industry where we’ll witness huge advances in eCommerce. With the help of Radar Payments, we’ll continue to support local merchants in this field as well as create a secure environment for international companies with ambitions to serve consumers in Southeast Asia.”
Terry Paleologos, COO at BPC said they are thrilled to be helping one of Singapore’s fastest-growing companies to grow even faster.
In July 2019, the Fintech and e-payment business PayU took a majority stake in Radar Payments.