REG - RC365 Holding PLC - Agreement with Key Solution Venture Limited

RC365 HoldingAnnouncement

03/07/2023 12:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230703:nRSC7810Ea&default-theme=true

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 - Financial Adviser  T: +44 (0)7973 839767

 Ross Andrews                                          E: ross.andrews@guildfin.co.uk

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRRJMBTMTJMBAJ