RS2 AGM announces Visa partnership and reports strong profit growth

Global payment technology and processing provider RS2 announced a strategic partnership with Visa, the world leader in digital payments, during its Annual General Meeting (AGM) held on June 24, 2025, in St. Julian’s, Malta.

The company also reported solid financial progress, with profit before tax rising to €2.2 million — up €0.8 million on the previous year — and EBITDA reaching €5.4 million, a €1.3 million increase over 2023.

The new partnership with Visa will deliver a fully integrated, end-to-end global payment processing solution for banks, fintechs, and merchants. Visa’s front-end authorisation capabilities will be combined with RS2’s back-end infrastructure to create a seamless, scalable and secure platform for clients across international markets.

“This partnership marks a pivotal milestone in RS2’s international growth journey,” said Radi Abd El Haj, CEO of RS2.

“By merging Visa’s world-class authorisation capabilities with our flexible back-end technology, we’re providing customers with a seamless solution designed for speed, performance, and global expansion.”

Initial implementations are already underway in Europe and Latin America, with accelerating demand from financial institutions seeking next-generation infrastructure.

Built on RS2’s API-first, cloud-native platform and integrated with Visa’s value-added services and global network, the solution allows clients to deploy new services rapidly, meet compliance obligations, and operate efficiently across borders.

At the AGM, Chairman Mario Schembri said 2024 was “a year of transformation, steady progress, and forward momentum,” noting that RS2 had achieved these results despite geopolitical and economic headwinds.

“We delivered good results and closed the year on a solid financial foundation, highlighting our resilience and operational efficiency,” Schembri told shareholders.

CEO Radi Abd El Haj outlined continued progress across RS2’s three business lines — Licensing, Processing, and Merchant Acquiring and Card Issuing — as well as the company’s ongoing expansion into new geographies and diversification of its product portfolio.

He also highlighted sustained investment in platform enhancements and innovation, including strategic cost and capacity optimisation measures that supported future growth without compromising service delivery.

Group CFO Fiona Cascun explained that no dividend was being proposed for the year, in line with RS2’s strategy to prioritise reinvestment in technology and market expansion.

“We are confident that these decisions will yield greater value over the medium term,” she said.

The AGM was well attended, with shareholders expressing strong support for RS2’s long-term vision and recent developments.

“This latest Visa partnership, together with our improved financial performance, continues to underscore RS2’s growing role in reshaping global payment infrastructure and reflects our commitment to innovation, agility, and shareholder value,” concluded Radi Abd El Haj.