SafeCharge Issues Positive Trading Update for H1 of 2018
- The payments FinTech firm also said that it is looking to expand into new markets

SafeCharge, a payment processing technology provider, issued a trading update for the first half of 2018 this Friday. The firm claimed that it has experienced a positive first half of the year and that its results are in line with prior expectations.
Founded in 2007, SafeCharge was founded as an online 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 solution. The firm launched an initial public offering on the London Stock Exchange in 2014, raising $125 million in the process.
At the start of this year, the firm expanded its service offering after it was granted a Payment Institution license from the Financial Conduct Authority, a British regulator. This license means the firm is now able to, amongst other things, provide FX and ancillary services.
In its statement today, SafeCharge seemed to imply that it has seen growth in revenues. The firm said that it has seen “good momentum in revenues and transaction processing volumes” over the first half of 2018.
SafeCharge Strategy
This growth may be in part due to a change of strategy the firm pursued in 2016 as it shifted its focus on to markets with reduced regulatory risk. It also formed partnerships with several firms, including Saxo Payments, to grow its business.
The company added that it wants to expand into new markets. The firm noted that its sales and marketing efforts would, in part, be aimed at attracting new customers from outside of its traditional markets.
Those wanting to get an in-depth look at SafeCharge’s results will have to wait some time. The firm stated that it will be releasing its full financial report for the first half of 2018 on September 30.
SafeCharge, a payment processing technology provider, issued a trading update for the first half of 2018 this Friday. The firm claimed that it has experienced a positive first half of the year and that its results are in line with prior expectations.
Founded in 2007, SafeCharge was founded as an online 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 solution. The firm launched an initial public offering on the London Stock Exchange in 2014, raising $125 million in the process.
At the start of this year, the firm expanded its service offering after it was granted a Payment Institution license from the Financial Conduct Authority, a British regulator. This license means the firm is now able to, amongst other things, provide FX and ancillary services.
In its statement today, SafeCharge seemed to imply that it has seen growth in revenues. The firm said that it has seen “good momentum in revenues and transaction processing volumes” over the first half of 2018.
SafeCharge Strategy
This growth may be in part due to a change of strategy the firm pursued in 2016 as it shifted its focus on to markets with reduced regulatory risk. It also formed partnerships with several firms, including Saxo Payments, to grow its business.
The company added that it wants to expand into new markets. The firm noted that its sales and marketing efforts would, in part, be aimed at attracting new customers from outside of its traditional markets.
Those wanting to get an in-depth look at SafeCharge’s results will have to wait some time. The firm stated that it will be releasing its full financial report for the first half of 2018 on September 30.