Payment gateway solutions and IT support company RC365 Holding PLC (LSE:RCGH)’s Hong Kong subsidiary RCPAY Limited has signed a custodian deed agreement with UniTrust Global Limited enabling RCPAY to provide custodian accounts to its customers in Hong Kong.
RCPAY currently has a licence for operating money services from the Hong Kong Customs and Excise Department which allows it to provide prepaid cards, remittance and exchange remittance services to its customers.
The directors believe that the agreement with UniTrust will enable RCPAY to attract larger corporate and high-net-worth clients.
RCPAY’s executive director and chief executive Chi Kit Law (Michael) said: "We continue to pride ourselves on continuing to develop innovative products and services to attract new customers. We are particularly excited about the opportunities the agreement with UniTrust provides and look forward to updating shareholders on future notable customer wins."