SafeCharge Receives E-Money License
SafeCharge (AIM: SCH), the international provider of advanced payments services, risk management and IT solutions announced that its wholly owned operating subsidiary, SafeCharge Limited, has been authorised as an Electronic Money Institution (EMI).
Authorisation by Central Bank of Cyprus
The authorisation will allow SafeCharge Limited to issue electronic money in accordance with the European Union E-money directive and as authorised by the Central Bank of Cyprus.
Impact on SafeCharge Services Expansion
This will enable SafeCharge to continue expanding its services portfolio to its existing client base; increase services in the “Business to Consumer” (B2C) space; and progress plans for card issuance and associated services.
CEO Comments on Strategic Milestone
David Avgi, Chief Executive of SafeCharge commented: “Obtaining the EMI license fulfils one of our central objectives, as outlined in our strategy. The EMI license places SafeCharge in a key position to capitalise on the expansion of e-wallets, mobile wallets and prepaid card issuance globally.”
