10 Dec 2014 07:00
SafeCharge International Group Limited
("SafeCharge," the "Company" or the "Group")
MasterCard Europe grants SafeCharge approval for Issuing Activity
New Card Issuing Division and Executive Vice President appointed
SafeCharge International Group Limited, (AIM: SCH) the international provider of payments services, risk management and IT solutions for online businesses, today announces that the Group has been granted approval for Issuing Activity from MasterCard Europe.
The approval by MasterCard Europe, which is an extension of the Company's Principal Membership, will allow SafeCharge to issue pre-paid MasterCard products.
Additionally, the Company has appointed Ali Farid Khwaja CFA as Executive Vice President of its new Card Issuing Division. Mr Khwaja, who will join the Company in February 2015, is formerly a Financial Technology Analyst at Berenberg, where he specialised in the payments space. Prior to Berenberg, Ali was responsible for investments in emerging markets and a Technology Analyst at UBS. He is a graduate of Oxford University where he was a Rhodes Scholar.
David Avgi, SafeCharge's Chief Executive, said: "The extension of our MasterCard Principal Membership is another achievement for SafeCharge. The approval enables us to issue our own and co-branded pre-paid cards and is a significant step in building a new pillar to our business. We are excited to be continuing to expand our product offering, entering into a new and large market sector and to welcome Ali to drive its growth."
- Ends -
For more information:
SafeCharge International Group Limited David Avgi Tim Mickley
| +44 (0) 20 3051 3031 |
Shore Capital Pascal Keane Toby Gibbs
| +44 (0) 20 7408 4090 |
Bell Pottinger David Rydell Olly Scott James Newman
| +44 (0) 20 3772 2500 |
About SafeCharge
SafeCharge International Group Limited is a global provider of payments services, risk management and IT solutions for online businesses. The SafeCharge group has a diversified, blue chip client base and is a trusted payment partner for customers from various e-Commerce verticals. SafeCharge has been Payment Card Industry Data Security Standard ("PCI-DSS") Level 1 certified since 2007 and is listed on the London Stock Exchange AIM market (LSE: SCH). The Company's wholly owned subsidiary, SafeCharge Limited, is an authorized Electronic Money Institution regulated by the Central Bank of Cyprus (CBC), and a principal member of MasterCard Europe and Visa Europe. The SafeCharge group has operations in the UK, Cyprus, Bulgaria, Israel, Germany and Austria.
www.safecharge.com