CryptoMedium•2 November 2026•
1 min read
India Scrutinizes RedotPay Crypto Card Spending via Visa and Mastercard
Key Facts
1The Reserve Bank of India and the Financial Intelligence Unit are scrutinizing RedotPay and the use of Visa and Mastercard for stablecoin spending.
The Reserve Bank of India and the Financial Intelligence Unit are scrutinizing RedotPay and the use of Visa and Mastercard for stablecoin spending. The Crypto Times reported that the investigation targets crypto-linked debit and credit cards used to facilitate transactions through international payment gateways.
MA closed at $638.01 on October 30, 2026, while V closed at $413.59 on the same date. Within the broader payments sector, AXP closed at $319.11 on October 30, 2026, as major payment networks face heightened regulatory pressure in the Indian market.