16 Dec 2016 07:00
SafeCharge International Group Limited
("SafeCharge" or the "Company")
Strategic Investment
SafeCharge (AIM:SCH), a leader in advanced payment technologies, announces that it has completed a minority investment in Nayax Ltd ("Nayax"), a leading global provider of EMV certified cashless payment solutions for the unattended vending sector.
The SafeCharge cards acquiring and innovative payments platform has been integrated with Nayax technologies to deliver a robust and scalable solution for unattended payments. The investment follows the success of a number of pilot tests in Poland and the UK, the forerunners to a gradual roll out of the acquiring service across Europe.
Commenting on the transaction SafeCharge's chief executive, David Avgi, said:
"We are excited to play a key role in the enablement of contactless payments for unattended machines across Europe helping consumers on the go to access and pay for products securely and quickly.
"We are determined to implement our strategy of providing international payment services to diverse verticals for multichannel businesses to maximise acceptance, full transparency and cost effective fees structure."
Commenting on the transaction Nayax's chief executive, Yair Nechmad, said:
"We selected SafeCharge technologies for its unparalleled service availability, superior reporting and analytics capabilities and fully transparent financials that are key for the optimised operation of our business.
"Our unique partnership has enabled us to offer consumers a top-notch service when making unattended payments."
- Ends -
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Enquiries
SafeCharge International Group Limited Tim Mickley David Avgi c/o Bell Pottinger
| +44 (0) 20 3772 2500 |
Shore Capital Dru Danford Mark Percy Toby Gibbs
| +44 (0) 20 7408 4090 |
Bell Pottinger David Rydell Olly Scott James Newman Anna Legge
| +44 (0) 20 3772 2500 |
About SafeCharge
SafeCharge International Group Limited is a global provider of payments services, technologies and risk management solutions for online and mobile 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 and a principal member of MasterCard Europe and VISA Europe. The SafeCharge group has operations in the UK, Cyprus, Bulgaria, Israel, Germany, Austria and Ireland.
www.safecharge.com
About Nayax
Nayax, a global IoT platform for unattended payments, telemetry and management tools, uniquely developed for the retail market was established in 2005. Over 200,000 devices are using Nayax solutions worldwide, in more than 45 countries. Nayax's line of innovative products allows unprecedented marketing opportunities and capabilities for unattended machine operators to engage with their consumers. Point of sale options are flexible in order to enable future-proof cashless payment options from around the globe, including mobile payments, credit cards, QR codes, Nayax's proprietary Monyx wallet app and other social wallets. Nayax's solutions are compliant with all automated machine protocols and are plug-and-play with all machines. Nayax's goal is to bridge the gap of the unattended market and to transform point-of-sales into a 24/7 neighbourhood store. www.nayax.com