RD Technologies announced an upgrade to its enterprise cross-border payments and digital finance ecosystem. Focusing on trade between Africa and Asia, the company is advancing banking partnerships, payment channel connectivity and digital asset settlement infrastructure to address businesses’ cross-border payment, foreign exchange and treasury management needs.
Rita Liu, Chief Executive Officer of RD Technologies, said: “The value of digital financial infrastructure lies in serving the real economy. Hong Kong’s trade and financial networks connecting Asia with the world provide an important foundation for this development. Guided by businesses’ practical needs, we will work with banks, payment providers and digital asset infrastructure partners to connect local financial services with cross-border settlement capabilities, exploring more efficient and transparent ways to move funds in support of trade and businesses’ international operations.”
RD Technologies and Stanbic Bank Ghana will work together to explore a bank-led cross-border trade settlement solution supported by stablecoin technology. The initial focus will be legitimate business-to-business payments from Ghanaian businesses to suppliers in Asia. Technical validation and any controlled pilot will proceed subject to the requisite regulatory no-objection.
Darwin Mireku, Head, Strategy Enablement, Stanbic Bank Ghana, said: “Reliable and efficient payments are essential for Ghanaian businesses engaged in international trade. Through this collaboration, we aim to assess how new technology can help customers settle legitimate trade payments with suppliers in Asia more smoothly.
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