Next generation payment processing company, Radar Payments by BPC, has been 
selected to tackle eCommerce fraud prevention by Singapore's largest home-grown 
online payment solutions fintech Red Dot Payment (RDP), an e-commerce enabler 
focused primarily on serving the e-commerce and hospitality verticals.
RDP has selected the Fraud Risk Management and Prevention solutions delivered 
as a SaaS model from Radar Payments after reviewing other fraud detection 
systems. Their choice was influenced by its peerless technological capabilities 
and ease of integration, as well as its affordability and excellence in account 
management.

Established in 2011, RDP was founded by Randy Tan, who is still leading the 
company as its CEO. Initially starting in Singapore, RDP has expanded to other 
regions, with local offices in Australia, Indonesia, Taiwan and Thailand, and 
further expansion provisionally planned in Japan, Hong Kong and Malaysia. In 
July 2019, the fintech and e-payment business PayU took a majority stake.

RDP was ranked #35 out of 500 companies in the Financial Times' special report 
on high-growth companies in the Asia Pacific  [ 
https://www.ft.com/high-growth-asia-pacific-ranking-2020 ] after demonstrating 
phenomenal revenue growth of 171% CAGR. They were also ranked Top 10 
Fastest-growing firms in Singapore by the Strait Times in 2020.

Earlier this year, RDP became a principal member with both Visa and MasterCard. 
They are already an acquirer for AliPay, Diners Club International, WeChat Pay, 
and Union Pay, with a payment suite that includes AMEX, PayPal, PayLah and 
PayNow (SGQR) and many other alternative local payment methods in the 
respective countries they operate in.

RDP selection of Radar's Payments Fraud Risk Management and Prevention service 
comes at a time when the number of online cybercrime rises due to digitisation 
around the world.  The technology developed by Radar Payments was not only 
singled out for its best in class performance but also its proven track record 
in helping financial institutions and businesses of all sizes to tackle 
vulnerabilities within the digital ecosystem for consumers across regions.

David Owyong, COO, Red Dot Payment, commented: "We believe that conquering 
eCommerce fraud requires a global perspective, and we pride ourselves on 
working closely with our merchants to help them harness the power of payments. 
As we overcome the turbulence of the past 24 months, we believe that the 
hospitality sector is the next industry where we'll witness huge advances in 
eCommerce. With the help of Radar Payments, we'll continue to support local 
merchants in this field as well as create a secure environment for 
international companies with ambitions to serve consumers in Southeast Asia."

Terry Paleologos, COO at BPC said: "We are thrilled to be helping one of 
Singapore's fastest-growing companies to grow even faster, through ensuring 
that they have best-in-class fraud prevention service which comes with 
unparalleled expertise and local insights that do help remove any friction to 
the customer payment experience."
 
 
Source: Radar Payments by BPC