RedotPay has completed its Virtual Asset Service Provider (VASP) registration in Mexico, marking a key milestone in its Latin American expansion.
The registration enables RedotPay to conduct virtual asset operations under Mexico’s Anti-Money Laundering framework.
The company has also secured the necessary approvals to operate as a credit card issuer within the country’s regulatory system.
Following the approvals, RedotPay is collaborating with international partners to prepare for the launch of its third credit card programme in Mexico.
The company aims to provide a compliant suite of stablecoin payment solutions that connect digital assets with daily consumer spending.
To support its growth and engagement with local stakeholders, RedotPay is expanding its local team. The expansion covers compliance, operations, and business development functions.
“Securing our AML registration to conduct virtual asset operations in Mexico marks an important step in our compliance-first approach and long-term commitment to trusted regulatory frameworks,”
said Michael Gao, CEO and Co-Founder of RedotPay.
Gao added that the company focuses on building resilient local infrastructure that can scale across markets through disciplined execution and strong partnerships.
The Mexican registration adds to the expanding global regulatory footprint of RedotPay.
The fintech previously secured Money Services Business registration in Canada, a FinCEN MSB registration in the US, and a VASP license in Argentina.
Instead of relying on cross-border structures, RedotPay is pursuing a strategy of establishing regulated local presences in key regional markets. This approach is intended to support digital asset adoption.
Featured image credit: Edited by Fintech News Hong Kong, based on image by SixtyNine via Magnific
