Global payments processor and technology provider RS2 has entered into a long-term processing agreement with an as yet unnamed major financial services partner in Latin America.

In a company announcement on the Malta Stock Exchange, RS2 said that the identity of the client cannot be disclosed at this stage due to confidentiality obligations.

The agreement strengthens the group’s presence in the Latin America region, and will be delivered through the group’s BankWORKS platform.

RS2 said that the agreement will extend the company’s acquiring capabilities into eight additional markets: Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, the Dominican Republic and Guatemala.

BankWORKS is a payment processing software used by major banks, payment service providers and other financial institutions.

The company said it will also extend its issuing services across eight markets: Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, the Dominican Republic and the Cayman Islands.

RS2 already has a presence in Latin America. Specifically it said it is active in Brazil, Mexico, Colombia, Peru and Argentina.

RS2 said that the “five-year, multi-million-euro processing agreement is expected to contribute positively to the Group’s long-term revenue growth and further diversify its client base across high-growth markets.”