New Card Issuing Division and Executive Vice President appointed

SafeCharge International Group Limited, (AIM: SCH) the international provider of payments services, risk management and IT solutions for online businessesannounced that the Group has been granted approval for Issuing Activity from MasterCard Europe.

Ali Khwaja
Ali Khwaja

The approval by MasterCard Europe, which is an extension of the Company’s Principal Membership, will allow SafeCharge to issue pre-paid MasterCard products.

Additionally, the Company has appointed Ali Farid Khwaja CFA as Executive Vice President of its new Card Issuing Division. Mr Khwaja, who will join the Company in February 2015, is formerly a Financial Technology Analyst at Berenberg, where he specialised in the payments space. Prior to Berenberg, Ali was responsible for investments in emerging markets and a Technology Analyst at UBS. He is a graduate of Oxford University where he was a Rhodes Scholar.

David Avgi, SafeCharge’s Chief Executive, said: “The extension of our MasterCard Principal Membership is another achievement for SafeCharge. The approval enables us to issue our own and co-branded pre-paid cards and is a significant step in building a new pillar to our business. We are excited to be continuing to expand our product offering, entering into a new and large market sector and to welcome Ali to drive its growth.”


Subscribe to the Global Banking & Finance Review Newsletter for FREE
Get Access to Exclusive Reports to Save Time & Money

By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.