SafeCharge International Group Ltd Further Strategic Investment in Nayax (5499E)

TIDMSCH

RNS Number : 5499E

SafeCharge International Group Ltd

12 February 2018

SafeCharge International Group Limited

("SafeCharge", the "Company" and together with its subsidiaries, the "Group")

Further Strategic Investment in Nayax

SafeCharge (AIM:SCH), a leading payments technology company, today announces that it has invested further in Nayax Ltd ('Nayax'), a leading global cashless payment solutions provider for the unattended machine industry. SafeCharge made its initial investment in Nayax in December 2016 and today's follow-on investment takes the total investment by SafeCharge to approximately US$24.5 million in order to support Nayax's strong growth and international expansion in cashless payment solutions.

The investment in Nayax is a cornerstone of SafeCharge's omni-channel strategy. SafeCharge, which is one of the leaders in online payments, has a strategy to expand within the offline market by focusing on the high growth "cashless" sub-segment and cashless payments for the unattended machine industry in which Nayax specialises. SafeCharge's investment will support Nayax's growth and will strengthen the operational collaboration between the two companies, with expected processing of more than Euros 500 million of Nayax transactions through the SafeCharge Acquiring platform over the next 4 years.

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 through our card acquiring platform. This investment follows a successful processing of Nayax through our platform in 2017. Nayax technology is helping unattended commerce to grow globally, helping consumers on-the-go to pay for low ticket items quickly and securely thanks to their unique cashless and telemetry technology."

Commenting on the transaction Nayax's chief executive, Yair Nechmad, said:

"We selected SafeCharge as our preferred card acquirer and strategic investor. Safecharge's unparalleled conversion rate, service quality, superior analytics and fully transparent financial reporting are key for the optimised operation of our business. Our unique partnership has enabled us to accelerate our growth and we look forward to continuing to collaborate closely with Safecharge."

- 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              [phone] 
 Jean Beaubois, Head 
  of Investor Relations           [phone] 
 Shore Capital 
  Mark Percy 
  Toby Gibbs                      [phone] 
 FTI Consulting 
  Matthew O'Keeffe 
  Elena Kalinskaya                [phone] 
 

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

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February 12, 2018 02:00 ET (07:00 GMT)