SafeCharge International Group Ltd SafeCharge Asian Expansion (9865X)

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RNS Number : 9865X

SafeCharge International Group Ltd

28 February 2017

SafeCharge International Group Limited

("SafeCharge" or the "Company")

SafeCharge expands into Asia Pacific and joins UnionPay International

Company opens Singapore and Hong Kong offices to support expansion

SafeCharge (AIM: SCH), a leader in advanced payment technologies, today announced that it has opened an office in Singapore and a satellite office in Hong Kong.

In addition to its new offices, SafeCharge has become a member of UnionPay International, a subsidiary of the fast-growing global payment network China UnionPay which is extensively used by Chinese shoppers domestically and internationally.

Mr. Willy Kwa has been appointed as Regional Director and Head of APAC Business and will be based in the Singapore office. With approximately 20 years' experience in the payments sector gained at companies such as DBS Bank and NETS, Mr. Kwa is well-equipped to spearhead the Company's growth in the region, with a clear mandate to provide the highest levels of customer service as well as establish and maintain relationships with local and international technology, payment and banking partners.

David Avgi, CEO, SafeCharge, said:

"Establishing offices in Singapore and Hong Kong will enable us to grow our footprint in the region and provide local card acquiring and alternative payments for domestic and international businesses that serve customers in Asia Pacific. Our membership of UnionPay International means that we are able to help European merchants accept this fast growing payment method and support the dramatic demand for cross-border transactions in an increasingly global market."

Willy Kwa, Regional Director and Head of APAC Business stated:

"The Asia Pacific region not only has the largest e-commerce market in the world, but now represents more than half of all e-commerce spend globally, with its lead set to only grow further. In addition, companies like Ant Financial and AliPay demonstrate that domestic innovation is rapidly going global and dramatically altering the macro payments landscape. A local presence is essential in order to stay ahead of the innovation curve, support customers internationally and accelerate our growth."

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Enquiries:

 
 SafeCharge International 
  Group Limited 
  Tim Mickley 
  David Avgi                     [phone] 
  c/o Bell Pottinger              2500 
 Shore Capital 
  Mark Percy                     [phone] 
  Toby Gibbs                      4090 
 Bell Pottinger (Financial 
  communications and IR) 
  David Rydell 
  Joanna Davidson                [phone] 
  Anna Legge                      2500 
 CCgroup (Media) 
  Alan Miller / Abbie Godward    [phone] 
  [e-mail]        9200 
 

About SafeCharge

SafeCharge International Group Limited is a global provider of technology-based multi-channel payments services and risk management solutions for demanding businesses. SafeCharge has a diversified, blue chip client base and is a trusted payment partner for customers from various 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 authorised 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, Guernsey, Cyprus, Bulgaria, Israel, Austria, Singapore and Hong Kong.

www.safecharge.com

This information is provided by RNS

The company news service from the London Stock Exchange

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February 28, 2017 02:00 ET (07:00 GMT)