SafeCharge International Group Ltd Trading Statement and Strategic Update (7571Q)
December 02 2016 - 2:01AM
UK Regulatory
TIDMSCH
RNS Number : 7571Q
SafeCharge International Group Ltd
02 December 2016
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/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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