December 16, 2016

SafeCharge makes strategic minority investment in Nayax

SafeCharge (LON:SCH), a leader in advanced payment technologies, today announces that it has completed a minority investment in Nayax Ltd (“Nayax”), a leading global provider of EMV certified cashless payment solutions for the unattended vending sector.

The SafeCharge cards acquiring and innovative payments platform has been integrated with Nayax technologies to deliver a robust and scalable solution for unattended payments. The investment follows the success of a number of pilot tests in Poland and the UK, the forerunners to a gradual roll out of the acquiring service across Europe.

David Avgi, CEO, SafeCharge states:

“”We are excited to play a key role in the enablement of contactless payments for unattended machines across Europe helping consumers on the go to access and pay for products securely and quickly. We are determined to implement our strategy of providing international payment services to diverse verticals for multichannel businesses to maximise acceptance, full transparency and cost effective fees structure.”

Yair Nechmad, CEO, Nayax:

“We selected SafeCharge technologies for its unparalleled service availability, superior reporting and analytics capabilities and fully transparent financials that are key for the optimised operation of our business. Our unique partnership has enabled us to offer consumers a top-notch service when making unattended payments.”

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SafeCharge Limited is an Electronic Money Institution authorised and regulated by the Central Bank of Cyprus and is a principal member of MasterCard, Visa and Unionpay International (CUP). SafeCharge Financial Services Limited is authorised and regulated by the Financial Conduct Authority as a Payment Institution. Both SafeCharge companies are wholly owned by SafeCharge International Group Limited.