SAXO PAYMENTS AND SAFECHARGE COLLABORATE  TO SIMPLIFY CROSS BORDER SETTLEMENT ACCOUNTS

www.saxopayments.com

Saxo Payments, the global transactions services provider, and SafeCharge (AIM: SCH), a leader in advanced payment technologies, today announce their partnership which will see SafeCharge  gain a significant competitive edge, enabling it to offer its clients fast and cost-effective banking services in multiple currencies. The partnership also means Saxo Payments will benefit from a strong distribution network to SafeCharge’s distinguished clientele.

SafeCharge Group has a diversified, blue chip client base and is a trusted payment partner for businesses across a number of e-commerce sectors. Founded in response to the emerging need for reliable and secure online payment systems, SafeCharge has evolved to become one of the market leaders in payments and risk management services through processing payment cards and alternative payment methods. The group has operations in the UK, Cyprus, Bulgaria, Israel, Germany, Austria and Ireland, with clients worldwide, making a global banking solution essential.

Through its membership of the Saxo Payments Banking Circle, SafeCharge will be offering its clients bank accounts under its own brand, with the ability to settle in multiple currencies. This will deliver faster transactions, regardless of international borders and reduce costs on currency conversions and transfers worldwide, along with the ability to give its merchants certainty in their international transfer costs.

“We are adding Saxo Payments to our partners network as part of our strategy to broaden our payments offering. Saxo Payments offers us the global payments services we need under one roof supporting our business and worldwide client base,” said  David Avgi,  CEO, SafeCharge. “Through this partnership we can expand our merchants business by offering a reduced rate, cross border payment solution, which is essential in a global market.”

Anders la Cour, Chief Executive Officer for Saxo Payments, added: “We are proud to be selected by SafeCharge to deliver a smart cross border settlement account for its premium client base.  This is a key milestone in our global distribution plan.”