SafeCharge takes minority stake in Far East payments processor 2C2P

Global payments services and technology provider SafeCharge International Group Ltd (LON:SCH) has announced it is expanding in the Far East, via a strategic partnership with Singapore-based credit card payments company 2C2P.

The partnership is expected to extend SafeCharge’s technology product offering to 2C2P’s merchants – mainly travel businesses and retailers / e-tailers in South East Asia.

Separately, SafeCharge has completed a minority investment in 2C2P. No financial details of the investment were made public.

2C2P has a strong list of customers in the South East Asia region and processed $2.2 billion in payments in 2014. The company has offices in Indonesia, Malaysia, Cambodia, Laos, Myanmar, Philippines, Thailand and Hong Kong.

David Avgi, SafeCharge CEO, said:

The smart omni-channel technologies of 2C2P, their focus on mobile payments, local integration across multiple payment types and the company’s management are some of the reasons for deciding to develop this partnership with 2C2P. Asia Pacific continues to be a key focus area for SafeCharge and is a central part of management’s long term strategic vision. We expect to see significant growth for SafeCharge coming from the fast growing e-commerce markets in the Asian region.

To see the announcement from SafeCharge click here.

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