RC365 Holding PLC (LSE:RCGH), a company focusing on payment gateway solutions and IT support, has been awarded a two-year contract with a new client in Japan worth approximately £600,000.
The contract, which includes a £400,000 fixed fee and £200,000 in estimated commissions, was signed with a leading Japanese conglomerate operating regionally in the consulting, real estate, health and beauty, and fintech industries.
It is expected to commence on 1 February 2024 and will be subject to renewal on 31 January 2026.
Throughout the contract lifetime, RC365 will provide co-branded prepaid card services including remittance and payment functions.
Executive director and chief executive Chi Kit Law (Michael) commented: "We are delighted to have been awarded this contract with the Japanese company, highlighting the value and quality of RC365's service offering.
“Demand for our one-stop payment services-enhancing businesses in the global market remains as strong as ever."