Stablecoin issuer Circle has partnered with Hong Kong payments startup REAP to provide B2B payments for companies that have difficulty accessing traditional financial services such as credit cards and bank accounts, providing financial solutions to more than 22,000 businesses around the world.

Payment Startup Reap

Reap, a payments technology company founded in Hong Kong in 2018, was one of the first startups in Asia to issue Visa cards without being a bank. Reap provides enterprise credit card and expense management software that enables enterprises to pay bills, track and manage expenses more efficiently. Whether customers use fiat assets or digital assets, Reap combines the world of Web2 and Web3 to provide more than 22,000 enterprises around the world. Financial Solutions.

Secured Business Credit Card Reap Card on Visa

Reap's core product is the Reap Card, a secured business credit card issued on the Visa network and collateralized by fiat currency or USDC. Collateral is managed by a third-party custodian on behalf of Reap, setting the credit limit on the card, allowing Reap to extend credit services to Web3 and other businesses without risking repayment. Unlike prepaid charge cards, Reap cards operate on a postpaid model, allowing businesses to settle at the end of the billing cycle. This enables consumption anywhere around the world where Visa is accepted, and businesses can use fiat or digital assets to settle bills at the end of the billing cycle, releasing previously unachievable financial flexibility and meeting diverse business needs while reducing costs. Risks of Reap.

Reap Pay completes domestic and cross-border bank transfers

In addition, Reap helps businesses make domestic and cross-border bank transfers through its Reap Pay product. Businesses can transfer funds using Reap cards or USDC, with recipients receiving the local currency of their choice directly in their bank account. This feature is particularly beneficial for businesses that lack traditional bank accounts, especially startups or small and medium-sized enterprises in emerging markets, allowing them to easily complete key financial tasks such as payroll and rent. By integrating Circle’s USDC and leveraging the global Visa network, Reap significantly expands financial inclusion and provides businesses around the world with the tools they need to operate efficiently.

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