RC365 Holding PLC Agreement with Key Solution Venture Limited (7810E)
03 Juillet 2023 - 1:36PM
UK Regulatory
TIDMRCGH
RNS Number : 7810E
RC365 Holding PLC
03 July 2023
3 July 2023
RC365 Holding Plc
("RC365" or the "Company")
Agreement with Key Solution Venture Limited
RC365 Holding Plc ("RC365"), a company focusing on payment
gateway solutions and IT support, is pleased to announce that on
the 3 July 2023 its Hong Kong subsidiary, RCPAY Limited ("RCPAY"),
signed a BIN Sponsorship and Co-Brander Agreement ("Agreement")
with Key Solution Venture Limited ("KSV"), a licensed MasterCard
Worldwide Issuer in Hong Kong. This Agreement will allow RCPAY's
brand to be printed on a Mastercard Credit Card which can be issued
to Hong Kong Residents.
The MasterCard credit cards will be marketed through RCPAY's
existing business partnerships and by a series of marketing
campaigns.
The Agreement shall be for 5 years from the date on which the
first card is issued and shall be automatically extended for a
further period of 5 years, unless otherwise terminated by notice or
for breach of the Agreement.
Chi Kit Law (Michael), Executive Director and Chief Executive
Officer, said:
"This is a major milestone for RCPAY in expanding its existing
service offering to its customers. We expect the card program to be
launched by end of Q2 FY24 and to reach 3,000 cardholders by Q4
FY24."
For further information please contact:
RC365 Holding plc T: +852 2251 1621
Chi Kit LAW, Chief Executive Officer E: ir@rc365plc.com
Guild Financial Advisory Limited - T: +44 (0)7973 839767
Financial Adviser E: ross.andrews@guildfin.co.uk
R oss Andrews
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END
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