Sign In
2 Dec 2016 07:00
SafeCharge International Group Limited
聽
('SafeCharge,' the 'Company' or the 'Group')
聽
聽
Trading Statement and Strategic Update
聽
聽
SafeCharge (AIM:SCH), the global provider of payments services, technologies and risk management solutions for online and mobile businesses, provides the following update.
聽
Trading update
聽
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.
聽
Strategic update
聽
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:
聽
路 | 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. |
路 | New verticals: in retail, the Group is now processing and acquiring European card transactions for Nayax, a leading solutions provider for the unattended聽machine industry, including vending machines, with over 100,000 terminals worldwide. In Travel / Airlines, the rollout into global territories for ELAL remains on track. |
路 | New markets: SafeCharge is now processing for customers in new European markets including Italy, Romania, Portugal and Poland. |
路 | SafeCharge acquiring: continues to perform strongly and enjoy significant volume growth |
路 | 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. |
聽
Outlook
聽
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.
聽
聽
- Ends -
聽
聽
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.
聽
Enquiries
聽
SafeCharge International Group Limited Tim Mickley David Avgi c/o Bell Pottinger 聽 | +44 (0) 20 3772 2500 |
Shore Capital Dru Danford Mark Percy Toby Gibbs 聽 | +44 (0) 20 7408 4090 |
Bell Pottinger David Rydell Olly Scott James Newman Anna Legge 聽 | +44 (0) 20 3772 2500 |
聽
About SafeCharge
聽
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.
聽
http://www.safecharge.com/
聽
聽
SafeCharge (SCH)
Follow the stocks
