2 Dec 2016 07:00
SafeCharge International Group Limited
('SafeCharge,' the 'Company' or the 'Group')
Trading Statement and Strategic Update
SafeCharge (AIM:SCH), the global provider of payments services, technologies and risk management solutions for online and mobile businesses, provides the following update.
Trading update
Trading ahead of the 2016 year end remains strong, as a result the Group's financial performance for the full year is expected to be in line with market expectations.
Strategic update
The Company is making considerable progress in its strategy to win Tier 1 customers within both traditional verticals and in new target verticals and markets:
· | Traditional verticals: the Group is now benefiting from increasing high quality revenues following recent Tier 1 client wins including PaddyPower Betfair, Sun Bingo and Sisal. |
· | New verticals: in retail, the Group is now processing and acquiring European card transactions for Nayax, a leading solutions provider for the unattended machine industry, including vending machines, with over 100,000 terminals worldwide. In Travel / Airlines, the rollout into global territories for ELAL remains on track. |
· | New markets: SafeCharge is now processing for customers in new European markets including Italy, Romania, Portugal and Poland. |
· | SafeCharge acquiring: continues to perform strongly and enjoy significant volume growth |
· | Corporate development: the Group has recently strengthened its Board and has also established a new office in Singapore, incorporating a local subsidiary and recruiting local management. |
Outlook
The Group will enter 2017 having expanded its Tier 1 customer base, with customers in new sectors, including travel; retail and unattended point of sale, new markets and with a strong pipeline which provides confidence for 2017 and beyond.
- 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.
http://www.safecharge.com/