SafeCharge International Group Ltd Strategic Investment (0136S)
16 December 2016 - 6:00PM
UK Regulatory
TIDMSCH
RNS Number : 0136S
SafeCharge International Group Ltd
16 December 2016
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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