RS2 plc - Interim Directors’ Statement

On 17 December, RS2 Software plc published an Interim Directors’ Statement to update the market on its business development during the third and fourth quarters of 2018. The Directors noted that during this period the Group successfully executed its business strategy, rolling out services to more clients in the managed services business while also maintaining the revenue lines from the licensing segment.

In Europe, the Group is in the implementation and roll-out stage for Finanfarma, a company operating in the credit card industry with a focus on the pharmaceutical business. Meanwhile, implementation is also ongoing for one of the largest global players operating in the travel industry with a focus on consolidating their business globally. Additionally, the Group is engaged in advanced discussions with potential prospects in Northern Europe for both managed services and licensing.

With respect to the entry into North America, RS2 stated that it successfully entered the North American market and has attracted very well-respected leaders in the fintech and payments industry as part of its board and management team. Based on the ongoing roll-out of its services and the solid pipeline, including Tier-1 financial institutions, the Group continues to accelerate its investment in infrastructure, human resource and the capability of the platform.

In South America, the Group continues to support its clients’ expansion into other countries within the region thereby driving growth in transaction volumes.

In the Asia-Pacific region, RS2 is onboarding one of the largest financial institutions in New Zealand as well as one of the major payment service providers in Malaysia (with subsidiaries in Thailand, Singapore, Philippines and Australia) onto its managed services platform. The Group is also in discussions for the sale of licences as well as managed services with prospective Pan-Asian clients.