Why has RedotPay stopped issuing new crypto cards in South Korea?

RedotPay has stopped issuing new physical and virtual cards to South Korean users, but the company has not publicly stated why it made the change.

What are RedotPay’s physical and virtual cards used for?

RedotPay’s cards allow users to spend crypto assets through Visa merchants, with users able to fund cards using supported cryptocurrencies including Tether (CRYPTO:USDT).

How is RedotPay’s latest South Korean change different from its 2025 move?

RedotPay stopped issuing new physical cards in South Korea in May 2025, while virtual card applications remained available until the latest change.

What does RedotPay’s affiliate programme change mean in South Korea?

RedotPay ended its Korean affiliate and influencer referral programmes on September 7, ahead of stopping new physical and virtual card applications.

Why is South Korea’s 2027 crypto tax relevant to RedotPay?

South Korea plans to introduce taxation on virtual asset gains from 2027, creating a broader regulatory backdrop for crypto services operating in the country.

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RedotPay halts new crypto cards in South Korea

Written by Heidi Cuthbert Published Sep 16, 2026, 3:36 AM

RedotPay has stopped issuing physical and virtual crypto cards to new users in South Korea.
The company ended its Korean affiliate and influencer referral programmes on September 7.
The move comes months before South Korea’s planned crypto tax regime begins in 2027.

RedotPay has stopped issuing physical and virtual crypto cards to new users in South Korea.

The company ended its Korean affiliate and influencer referral programmes on September 7.

RedotPay has not publicly explained why it stopped new card applications in the country.

The move follows an earlier pullback in May 2025, when RedotPay halted new physical card issuance in South Korea.

Virtual cards remained available after that earlier change, but new applications are now unavailable for both card types.

RedotPay users can fund cards with Tether (CRYPTO:USDT) and spend through Visa merchants, including through mobile wallets.

South Korea plans to introduce taxation on virtual asset gains in 2027, adding regulatory pressure around crypto spending and offshore payment services.