Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) today announced that it is providing its payments technology to Funzing, an innovative sharing economy marketplace.
Funzing is a community marketplace that connects hosts that have created unique experiences with members of the public looking for an unusual way to use their free time. The organisation operates across three primary markets including United Kingdom, Israel and Singapore.
This marketplace faces multiple challenges related to payments including:
- accepting payments from global consumers and
- disbursement of payments to hosts.
In addition, the marketplace demands a reliable payment service that is essential to serve its loyal community. Detailed reporting and analytics are key capabilities for optimising the marketplace checkout journey.
Yuval Ziv, COO, SafeCharge, said:
Marketplaces will continue to grow in both number and size as an effective way to directly connect buyers and sellers. SafeCharge has identified these demanding businesses as strategic clients and is committed to facilitate their payments ensuring they meet buyers and sellers needs, are fully secure and address applicable regulation requirements. Funzing is an innovative sharing economy platform and we are excited to facilitate payments for this fast growing market.
Avigur Zmora, Founder Funzing and former PlayTech CEO, stated:
One of our biggest challenges is meeting the needs of buyers and sellers that want to use diversified payment options. SafeCharge has provided a transparent, highly resilient and always-available payments solution – without passing the complexity on to us.