Nuvei, a provider of global payment solutions who acquired SafeCharge in August of 2019, announced this Tuesday that Yuval Ziv, the former Chief Commercial Officer (CCO) at SafeCharge, has been appointed to the position of Managing Director of SafeCharge and Head of Global Acquiring.

In this new role, Ziv will be in charge of developing and executing on acquirer acceptance strategies. He will also be responsible for overseeing the combined organization’s global acquiring solutions.

His main focus will be on expanding the company’s global acquiring relationships, building key licensing agreements, and supporting the entry into new markets and geographies, the statement released today said.

Despite the change in role, Ziv will continue to work out of SafeCharge’s office in Bulgaria’s capital city - Sofia. Furthermore, as he has been part of SafeCharge’s leadership team since 2008, he will continue to manage the company’s commercial activities.

Commenting on the appointment, Philip Fayer, Nuvei’s chairman and CEO, said: “Yuval’s dual role reflects Nuvei’s primary commitment to accelerating its position as a global  Payments  Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term leader.

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Yuval Ziv has been instrumental to SafeCharge’s success

According to the statement, Ziv has been an instrumental player in SafeCharge’s success. Under his leadership as the CCO, the payments platform achieved year-over-year growth that exceeded 85 percent in acquiring volume, 45 percent in overall volume, and 24 percent in revenues.

“I am very excited to be taking on this new challenge,” added Ziv. “Our performance over the years has been driven by the ability to mobilize the efforts of our top performing teams. My most important mission is to continue harnessing this magic to create lasting success.”