RC365 Holding PLC - London-based company focusing on payment gateway solutions and IT support services - Says its Hong Kong subsidiary RCPAY Ltd, signs a BIN sponsorship and co-brander deal with Key Solution Venture Ltd. Key Solution is a licensed MasterCard Inc Worldwide issuer in Hong Kong. Says the deal will allow RCPAY’s brand to be printed on a Mastercard credit card which can be issued to Hong Kong residents. RC365 says the credit cards will be marketed through RCPAY’s existing business partnerships and by a series of marketing campaigns. Adds that the deal is for 5 years from the date on which the first card is issued.

Chief Executive Officer Chi Kit Law says: ‘We expect the card program to be launched by end of Q2 FY24 and to reach 3,000 cardholders by Q4 FY24.’

Current stock price: 91.38 pence each, up 43% on Monday afternoon in London

12-month change: up from 15.00p each on July 4, 2022

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