16th May 2014 11:22
LONDON (Alliance News) - SafeCharge International Group Ltd expressed confidence for 2014, after it saw revenues in its first quarter to end-March "substantially" ahead of the fourth quarter of 2013, beating its expectations.
SafeCharge provides payment services for online businesses.
The company said its performance in the first quarter had been primarily driven by new customer wins, including Russian video game developer Gaijin Entertainment LLP and Ladbrokes PLC. It said it had seen further strong trading April and the first-half of May.
As part of its plan to expand into further geographies, the company has appointed Praful Morar as corporate development and strategy director. Morar was previously vice president of vertical market strategy at Worldplay US Inc.
Safecharge is continuing to develop its core systems and projects like its digital wallet, and the integration of card schemes including MasterCard.
Shares in SafeCharge were trading up 0.3% at 165.00 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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