RC365 Holding PLC (LSE:RCGH) said subsidiary RCPAY has signed a BIN Sponsorship and Co-Brander Agreement with Key Solution Venture (KSV), a licensed MasterCard Worldwide Issuer in HK.
Through the agreement, RCPAY's brand can be printed on a Mastercard Credit Card used by Hong Kong Residents.
The MasterCard credit cards will be marketed through RCPAY's existing business partnerships and by a series of marketing campaigns.
Chi Kit Law (Michael), RC365’s chief executive, 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 the end of Q2 FY24 and to reach 3,000 cardholders by Q4 FY24."
Shares jumped 48% to 95p.