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SafeCharge enjoys strong interim results with robust new business pipeline

Wed, 22nd Jul 2015 14:58

(ShareCast News) - Payments services provider SafeCharge enjoyed strong growth during its first-half of the year driven by the launch of new services and after gaining new clients.SafeCharge acquiring services became live with VISA and MasterCard during the period and is expected to strengthen the group's earnings from next year.The company said the launch was a "significant milestone in the development of the business" during the six months to 30 June 2015.Furthermore, its business pipeline remained robust with new clients from both core and new market sector. These will go live on its platform during the last six months of the year.As a result, SafeCharge remains confident for its full-year results.Shore Capital analysts said: "We believe that trading conditions for SafeCharge are set to remain positive with prospects for growth and development in line with our expectations and, indeed, further forecast upgrades in due course."Shares were up 0.38% to 265.5p on Wednesday at 14:00.
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