SafeCharge International Group Ltd SafeCharge Granted Payment Institution License (8065B)
15 January 2018 - 6:00PM
UK Regulatory
TIDMSCH
RNS Number : 8065B
SafeCharge International Group Ltd
15 January 2018
SafeCharge International Group Limited
("SafeCharge", the "Company" and together with its subsidiaries,
the "Group")
SafeCharge Granted Payment Institution License by the FCA
SafeCharge (AIM: SCH), a leader in advanced payment
technologies, today announces that its wholly owned UK subsidiary,
SafeCharge Financial Services Limited, has been authorised by the
Financial Conduct Authority (the "FCA") as a Payment Institution.
This in in addition to SafeCharge Limited's existing authorisation
as a European Electronic Money Institution.
The authorisation will allow SafeCharge Financial Services
Limited to provide payments services in the UK in accordance with
the Payment Services Regulations. It will enable SafeCharge to
continue expanding its services portfolio to its existing client
base and to new clients, as well as future proofing the business
post Brexit and potential changes to the passporting rules.
David Avgi, CEO of SafeCharge, commented:
"Obtaining the Payment Institution license from the FCA fulfils
one of our central objectives, as outlined in our strategy. It is
also an independent endorsement of our best practices in Risk
management, KYC, AML and Compliance and is testament to our high
operational standards. Our merchants now have the additional
validation and confidence provided by the FCA authorisation.
This license places SafeCharge in a key position to capitalise
on the expansion of its business and services in the UK market and
other EEA members."
- 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
David Avgi, Chief Executive
Officer
Tsach Einav, Chief Financial
Officer
c/o FTI Consulting +44 (0) 20 3727 1725
Jean Beaubois, Head of
Investor Relations +44 (0) 7826 936619
Shore Capital
Mark Percy
Toby Gibbs +44 (0) 20 7408 4090
FTI Consulting
Matthew O'Keeffe
Elena Kalinskaya +44 (0) 20 3727 1725
About SafeCharge
SafeCharge International Group Limited (AIM: SCH) is the payment
service partner for the world's most demanding businesses.
SafeCharge provides global omni--channel payments services from
card acquiring and issuance to payment processing and checkout, all
underpinned by advanced risk management solutions. This fully
featured proprietary payment platform connects directly to all
major payment card schemes including Visa, MasterCard, American
Express and Union Pay as well as over 150 local payment methods.
With offices around the world, SafeCharge serves a diversified,
blue chip client base and is a trusted payment partner for
customers across a range of vertical markets. The Company has been
listed on the London Stock Exchange AIM market since 2014.
www.safecharge.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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