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RC365 Holding plc
("RC365", the "Company" or the "Group")
Launch of Banking Virtual Account Services in Latin America
RC365 Holding plc (LSE: RCGH), an established payment solutions and fintech company, is pleased to announce that the Group has enabled its Banking Virtual Account ("BVA") services in Latin America. The services are now live on the Group's portal.
The expansion enables customers to open local collection accounts in six Latin American markets, supporting collections in Mexican pesos (MXN), Argentine pesos (ARS), Brazilian reais (BRL), Peruvian soles (PEN), Colombian pesos (COP) and Costa Rican colón (CRC).
The BVA services are supported by six local banking partners: Hey Banco in Mexico, Banco Industrial S.A. (BIND) in Argentina, FITS Instituição de Pagamento in Brazil, Alfin Banco in Peru, Kamin in Colombia and Ridivi in Costa Rica.
The Group's BVA services operate through a business-to-business-to-consumer ("B2B2C") model and are delivered via RC365's software-as-a-service ("SaaS") platform. This enables RC365's business partners to integrate local virtual account and collection functionality into their own customer offerings and provide such services to their end customers. The launch in Latin America gives partners a wider choice of local collection options across six markets, supporting their ability to expand their services and address customer demand in the region.
Chi Kit (Michael) Law, Executive Director and Chief Executive Officer of RC365, commented:
"We are pleased to launch our Banking Virtual Account services in Latin America, extending our offering into six new markets.
"This expansion broadens the geographic reach of our payment services and provides customers with greater access to local collection solutions across Latin America. We look forward to building on this initial rollout as we continue to expand the Group's international offering."
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Enquiries:
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Enquiries:
RC365 Holding plc |
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Chi Kit LAW, Chief Executive Officer |
T: +852 2251 1621 |
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Bowsprit Partners Limited (Financial Adviser & Corporate Broker) |
T: +44 (0) 203 833 4430 |
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About RC365 Holding plc
RC365 Holding plc (LSE: RCGH) is an established payment solutions and fintech company. It operates primarily in East and Southeast Asia through its core subsidiaries of Regal Crown Technology and the recently acquired HC Capital. For over 10 years, the Company has delivered efficient and secure payment gateway solutions and IT support and development services for payment and financial systems, including ERP solutions. In 2021, it commenced providing digital remittance and payment services, which expanded to include foreign exchange and asset linked credit card solutions. These services are provided to multinational merchants, SMEs and individuals. RC365 intends to expand into the virtual banking market and geographically, including in the UK and wider Europe.
For more information, visit: https://www.rc365plc.com