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K&R awarded SVF License by HKMA


Hong Kong, November 4, 2016- K&R International Limited today has been awarded the Stored Value Facilities (“SVF”) License by Hong Kong Monetary Authority (“HKMA”).

K&R International Limited was established in 2010, is a non-banking organization who received license for issuing Union Pay International Card in Hong Kong. Today, K&R Global Express prepaid card is accepted by 160 countries and regions.

Mr. Mosby Chow, our Chief Executive, said, “K&R strives to meet the diverse needs of its customers and to deepen trust by constantly providing superior services. Going forward, we will further expand our businesses by leveraging KNR’s strength and expertise and aim to scale up our payment service.”

K&R International Limited is a Stored Value Facility (SVF) licensee (license number SVF0007) and is regulated by the Hong Kong Monetary Authority. For more information, please click here.