Launch of Banking Virtual Accounts in LatAm

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."