BBMSL Limited Official Statement

Recently, BBMSL Limited (“BBMSL” or “Company”) has repeatedly received enquiries from our merchants that certain institutions are maliciously spreading false information about our Company, attempting to induce our existing merchants to switch to competitors for gaining their profit from it. Our Company hereby makes a solemn declaration that all false statements circulating in the market are completely groundless and inconsistent with the facts, these actions are treated as unethical competition and interference of market order. Regarding maliciously damage to our Company’s reputation, we do not tolerate any attempt to undermine fair market competition through improper means, and strongly condemn the relevant parties while reserving our right to pursue all legal liabilities.

Our Company’s business activities continue to operate and develop steadily as always, with a strong financial position. In December 2024, we officially became a core member of The Payment Cards Group Limited (“PCG” or “Group”), continuing to receive strong financial support to drive business development. BBMSL is a trusted and excellent brand in the payment industry, not only having long-term partnerships with numerous well-known conglomerate enterprises and institutions but also recognized by multiple card associations and stored value facilities. As one of the direct authorized acquiring institutions by card associations^[1][2], PCG has rendered professional, stable, and reliable electronic payment solution services to its merchants over the past decade, safeguarding the long-term development and growth of merchants’ businesses. Our Company’s market share has been steadily increasing, and recently we were awarded the “2024 Hong Kong Top Service Brand Awards” by the Hong Kong Brand Development Council, receiving high recognition from authoritative institutions, fully demonstrating our excellent service quality.

PCG has gained a good reputation in the market all the time and was recently listed on a government authority’s official website ^[3]. As an important group member of PCG, the Group is committed to providing practical support in various aspects such as finance, business networks, and technological innovation capabilities, ensuring that BBMSL continues to render high-quality and reliable services to merchants.

Important Reminder

You should remain vigilant against the following unethical business activities to protect your business refrains from being affected:

1. 1. False Information: Intended to induce merchants to make unfavorable decisions for improper benefits. If you have any doubts, please directly contact BBMSL’s official customer service hotline for verification, and do not trust unverified information or sign any legal documents without clear explanation to yourself.
   2. Unauthorized Terminal Switching: Recently, there have been wrongdoers using various deceptive means to induce merchants or impersonate merchants to change payment devices and sign new contracts with other service providers, which may constitute illegal activities.
   3. Violation of Card Scheme Guidelines: According to the respective guidelines of the “Small and Medium Enterprise (SME) Merchants Program” issued by card associations, it is prohibited to force SME merchants to switch payment service providers without authorization to enjoy the same preferential rates. These business activities violate these regulations, and the relevant personnel are disregarding merchants’ interests whilst violating the industry standards of card associations.

Our Company sincerely thanks all merchants and partners for their continued trust and support, and will continue to uphold our core value of “Payments Beyond Imagination” to provide you with the highest quality payment services. If you have any questions about our company, please feel free to contact your account manager directly or call our customer service hotline at  3907 0308.

^[1] Acquiring Institutions For Visa Cards – https://www.visa.com.hk/en_HK/run-your-business/accept-visa-payments/acquiring-banks.html

^[2] Acquiring Institutions For Mastercard – https://www.mastercard.com.hk/en-hk/business/merchants/start-accepting/find-an-acquirer.html

^[3] Client List on Relevant Website – https://www.investhk.gov.hk/zh-hk/client-profiles/the-payment-cards-group-limited/