What RCPAY does

RCPAY Limited is a UK-incorporated (Company No. 12026575) and Hong Kong-headquartered cross-border payments and financial services company, founded in 2013. It holds FCA authorization (reference 917656) and operates across East and Southeast Asia, the United Kingdom, and Europe, serving cross-border traders, e-commerce merchants, retail and hospitality businesses, and individual consumers that require multi-currency settlement, card acceptance, and merchant acquiring across jurisdictions.

The company's core product is the RC 3.0 platform, which integrates a Banking Virtual Account, the Asset Link Credit Card (issued on the Mastercard network), and MOE-POS, a point-of-sale system that accepts both fiat and USDT. This architecture is designed around a single KYC, a single balance, and closed-loop settlement, reducing the operational overhead for merchants and consumers moving funds across regional rails. Settlement is supported by tier-1 correspondent relationships with DBS and Standard Chartered Bank, while card acceptance is delivered through Mastercard's 210+ country network. The platform also added a regulated credit capability in 2025 through a Hong Kong Money Lenders License obtained via HC Capital Group.

RCPAY's business model is transaction-fee based. Revenue is generated from merchant acquiring, foreign-exchange spread (the margin between wholesale and retail exchange rates charged on currency conversions), card interchange, cardholder fees, and merchant service charges on the POS book. Distribution is partnership-driven through card networks and correspondent banks rather than direct enterprise sales, and the company has progressively expanded its regulatory footprint to support cross-border, multi-jurisdiction product delivery.

Name

RCPAY

Legal name

RCPAY Limited

Website

https://rcpay365.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

RCPAY Limited operates the RC 3.0 cross-border payments platform, combining a Banking Virtual Account, Mastercard-based Asset Link Credit Card, and MOE-POS (which accepts USDT) for merchants, e-commerce sellers, and consumers across Asia, the UK, and Europe.

Ownership category

akta.pro rank

Product category

Digital Payment Services

NAICS

Credit Card Issuing (52221), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

akta.pro secondary industries

Card Issuing & Program Management Platforms (BPAMAFAH), Stored Value Ledger / Wallet Infrastructure (Non-Bank) (FSAMANAM), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Embedded Card Issuing & Card-as-a-Service (FSAGALAC)

Keywords

• Virtual bank accounts
• Merchant payment processing
• Cross-border remittance
• Multi-currency payments
• Fintech payment solutions

Headquarters

HQ city

Kwun Tong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Payment Processing & Transaction Fees: RCPAY earns revenue through transaction fees on payments processed via its ecosystem — including QR Code payments through MOE-POS, digital currency settlements, and card transactions. Settlement funds flow through the Banking Virtual Account infrastructure with timing based on banking working hours, generating fees per transaction.
2. Banking Virtual Account Services: Revenue from providing virtual bank account services supporting multi-currency accounts with tier-one clearing infrastructure. The BVA handles both incoming and outgoing transactions, including cross-border payments and transfers.
3. Asset Link Credit Card: The RCPAY Mastercard is issued by HC Capital Group Limited and generates revenue through card usage, deposits, and transaction processing across the global Mastercard network. No traditional credit check required; backed by multi-asset collateral.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

RCPAY operates an integrated digital ecosystem (RC 3.0) that combines three core products into a single closed-loop platform: a Banking Virtual Account (BVA) for multi-currency account services and settlement backed by tier-one clearing infrastructure (DBS, Standard Chartered Bank); MOE-POS, a merchant payment solution accepting QR Code and USDT digital currency payments; and the Asset Link Credit Card, a Mastercard issued by HC Capital Group Limited backed by multi-asset collateral with no credit check required. The platform supports HKD, USD, EUR, GBP, SGD, JPY, AUD, and CAD, with card acceptance in 210+ countries worldwide.

Product overview

RCPAY operates as an integrated payment solutions and fintech company offering the RC 3.0 platform — a unified digital ecosystem that combines three core products: Banking Virtual Account (BVA) for multi-currency account services and settlement, MOE-POS for merchant QR code and digital currency acceptance, and the Asset Link Credit Card for global Mastercard spending. These products form a closed loop within the RC Ecosystem, where funds collected through MOE-POS settle into the Banking Virtual Account and become available for spending via the Asset Link Credit Card, all orchestrated through the RC 3.0 application.

Differentiator

Problem solved

Functional benefit

Brands

• RC Ecosystem: One integrated ecosystem where account, card, collection and settlement services work as a single closed loop.
• RC 3.0
• Asset Link Credit Card
• Banking Virtual Account
• MOE-POS (Merchant Owned Ecosystem POS)
• RCPAY Mastercard

Products and services

• RC 3.0 An integrated digital ecosystem combining Banking Virtual Account, Asset Link Credit Card, and MOE-POS into one unified platform for payment collection, settlement, and account activity management. Available via the RC 3.0 mobile app on iOS and Android.
• Banking Virtual Account (BVA) A virtual bank account supporting both incoming and outgoing payments with multi-currency capabilities (HKD, USD, EUR, GBP, SGD, JPY, AUD, CAD). Provides core account functionalities comparable to a traditional bank account without physical branch access, backed by tier-one clearing infrastructure through DBS and Standard Chartered Bank. Account can be opened in under 5 minutes online.
• Asset Link Credit Card An RCPAY Mastercard powered by multi-asset collateral with no credit check required. Supports HKD, USD, EUR, and GBP with universal acceptance across 210+ countries worldwide, allowing users to convert account balances and pledged assets into global purchasing power. Issued by HC Capital Group Limited.
• MOE-POS (Merchant Owned Ecosystem POS) A merchant payment solution enabling acceptance of customer payments via QR Code and digital currency (USDT). Settlement funds flow directly into the merchant's Banking Virtual Account, with no card terminals required. Includes a merchant dashboard for balance overview, withdrawal options, QR scanning, and transaction history.

Quantifiable outcome

• Account opening in under 5 minutes — fully online, no physical branch visit
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• DBS (DBS Bank)coreTechnology or IntegrationDBS provides virtual account portal infrastructure and tier-one clearing infrastructure for RCPAY's Banking Virtual Account. Merchants and individuals can operate multi-currency virtual accounts through the DBS portal as part of the RC 3.0 ecosystem. Settlement timing is based on DBS banking working hours.
• SCB (Standard Chartered Bank)coreTechnology or IntegrationStandard Chartered Bank provides virtual account portal infrastructure as part of the RCPAY Banking Virtual Account tier-one clearing infrastructure. Customers can operate multi-currency virtual accounts through the SCB portal within the RC 3.0 ecosystem. Settlement timing is based on SCB banking working hours.
• MastercardcoreTechnology or IntegrationThe RCPAY Asset Link Credit Card operates on the Mastercard network, providing universal acceptance across 210+ countries in over 210 nations worldwide via Mastercard contactless. RCPAY Mastercard is issued by HC Capital Group Limited.
• HC Capital Group LimitedcoreTechnology or IntegrationHC Capital Group Limited is the card issuer for the RCPAY Mastercard, holding a Hong Kong Money Lenders License (1234/2025). The company issues the RCPAY Platinum Mastercard and white Mastercard cards as part of the Asset Link Credit Card program.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Airwallex: Airwallex offers multi-currency business accounts, cross-border payments, and card issuance for SMBs and enterprises globally. It is a direct competitor to RCPAY's Banking Virtual Account and cross-border proposition, particularly across Asia-Pacific.
• Wise: Wise (formerly TransferWise) provides multi-currency accounts and low-cost cross-border transfers to consumers and businesses. It is highly comparable to RCPAY's Banking Virtual Account product for both individuals and SMB use cases.
• Revolut: Revolut combines multi-currency accounts, Mastercard card issuance, and merchant payment tools into a single app — closely mirroring the closed-loop architecture of RCPAY's RC 3.0 ecosystem.
• Nium: Nium provides cross-border payments infrastructure, multi-currency accounts, and card issuing APIs for fintechs and corporates. It competes with RCPAY on multi-currency accounts and Mastercard issuance in Asia corridors.
• Marqeta: Marqeta is a modern card-issuing platform that powers branded and multi-asset-backed Mastercard and Visa programs. It is comparable to the issuance infrastructure underlying RCPAY's Asset Link Credit Card.

Regional players

• LianLian Global: LianLian Global provides cross-border payment and multi-currency account services primarily for China-Asia corridors. It is a regional peer overlapping with RCPAY's East and Southeast Asia footprint.
• PingPong: PingPong offers cross-border payments and multi-currency accounts mainly serving Chinese SMB exporters and e-commerce sellers. It competes with RCPAY in the cross-border trader and e-commerce merchant segments in Asia.
• WorldFirst: WorldFirst (owned by Ant Group) provides multi-currency accounts and cross-border收款 services for SMBs, with strong Asia-Pacific coverage. It overlaps with RCPAY's international trade and e-commerce merchant segments.

Broad incumbents

• Stripe: Stripe is a global payments and financial infrastructure platform that supports merchant acceptance, card issuing (Stripe Issuing), and multi-currency operations. It is a broader incumbent with overlapping capabilities to RCPAY's MOE-POS and card products.
• Adyen: Adyen is a global payments platform offering unified merchant acquiring, multi-currency processing, and card issuing for large enterprises. It is a broader incumbent whose issuing and acquiring capabilities overlap with RCPAY's MOE-POS and Asset Link Credit Card.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/regal-crown-technology

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RCPAY