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 commonl 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 commonl 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.

At the same time, the firm appears to have increased its sales and Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term efforts over the past 12-months. The firm said that its success in the first half of this year was driven by new customer wins. It added that it would be continuing to onboard new salespeople and increasing its marketing efforts.

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.