SafeCharge Opens Two Offices in Singapore, Hong Kong

SafeCharge (LON:SCH), a payment technologies provider for the financial services industry, has greatly expanded its focus in Asia, opening offices in both Singapore and Hong Kong, two of the biggest hubs in the region, according to a regulatory filing.

In particular, SafeCharge has launched a new office in Singapore as well as a satellite office in Hong Kong – the two new locales are part of a unified effort to improve the group’s market penetration in the Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) region, which can tap into one of the largest potential client bases in the world.

[gptAdvertisement]

In tandem with this development, SafeCharge is also slated to become a member of UnionPay International, a subsidiary of global payment network China UnionPay, which has over the past few years become an integral component for Chinese shoppers both domestically and internationally.

Veteran Appointment

The Singapore office will also be installing new leadership, with Willy Kwa being appointed as its inaugural Regional Director and Head of APAC Business, based in Singapore. He steps into the role with over two decades of experience in the 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 sector.

According to David Avgi, CEO, SafeCharge, in a statement on the new offices launch: "Establishing offices in Singapore and Hong Kong will enable us to grow our footprint in the region and provide local card acquiring and alternative payments for domestic and international businesses that serve customers in Asia Pacific.”

“Our membership of UnionPay International means that we are able to help European merchants accept this fast growing payment method and support the dramatic demand for cross-border transactions in an increasingly global market,” he added.

"The Asia Pacific region not only has the largest e-commerce market in the world, but now represents more than half of all e-commerce spend globally, with its lead set to only grow further. In addition, companies like Ant Financial and AliPay demonstrate that domestic innovation is rapidly going global and dramatically altering the macro payments landscape. A local presence is essential in order to stay ahead of the innovation curve, support customers internationally and accelerate our growth,” noted Mr. Kwa.