Fintech
UK Paytech RC365 gets lending license in Hong Kong
July 23, 2024
Written by FinTech Alliance in Financial Technology
UK-based payment solutions provider RC365 has acquired a money lending license (MLL) in Hong Kong through the purchase of HC Capital Group for HKD 230,000.
This strategic move allows RC365 to offer digital lending services in the region, expanding its portfolio and helping SMB customers who are struggling with traditional banking processes. The new services, powered by RCPAY, are set to launch later this year, enhancing the company’s virtual banking offerings in more regions.