RS2 Software plc - New Processing Outsourcing Agreement

On 26 March 2021, RS2 Software plc announced that it concluded a major processing outsourcing agreement with its business partner Alpha Fintech to provide acquiring services to the Bank of New Zealand. The agreement has been signed for an initial term of 3 years with the option to extend yearly.

Through its agreement with Alpha Fintech, RS2 has also signed on another two clients, a large fintech company in Singapore and a financial institution in Indonesia, for which it is currently in implementation phase. RS2 also added that the projected revenue from the above clients has been taken into consideration and is reflected in the projections as provided in the Prospectus dated 19 February 2021 relating to the issuance of new preference shares.