RC365 Holding, the fintech and payment services provider listed on the London Stock Exchange, said its subsidiary RCPAY has signed a Cross-border and Local Payment Services Agreement with PyWave Network Technology, a Canadian payment services provider.
PyWave will handle payment collection and payout services for merchants introduced by RCPAY, subject to onboarding, compliance and transaction review checks.
The agreement covers banking virtual account services for standard trading clients and, notably, the licensing industry, delivered through an "umbrella structure" that lets RCPAY's clients open and manage sub-accounts for their own end-clients.
It also secures local and international payment services, including receiving accounts, settlement, currency exchange and fund aggregation, alongside international remittance and payout capabilities via PyWave's administration system, with full API integration.
RC365 said the rollout will proceed in phases, with particular focus on high-growth regions in Africa, aligning with the Group's broader geographic expansion strategy.
Compliance responsibility for anti-money laundering, sanctions and counter-terrorist financing checks sits with PyWave, which retains its own transaction monitoring.
The agreement runs for an initial 24 months, renewing automatically in 12-month periods unless terminated, with RCPAY paying PyWave service fees in return for the payment services supplied.
The RC365 board expects the deal to contribute positively to the Group's revenue through expanded high-value payment and licensing industry services.
