SafeCharge reports good momentum in revenues driven by new customer wins in 1H-2018

SafeCharge offices payments platform

Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has issued a brief trading update for the first half of 2018, indicating “good momentum in revenues” and transaction processing volumes in H1, driven by new customer wins.

Following the first quarter of 2018, SafeCharge stated that the company generated record revenues and transaction processing volumes in Q1, driven by new customer wins in the second half of 2017. However no mention of any new ‘records’ was made in the current first half update.

SafeCharge didn’t give any number specifics to those records, but in December 2017 SafeCharge reported its first $1 billion transaction volume month.

The full 1H Trading Update released by SafeCharge reads as follows:

SafeCharge International Group Limited

Trading Update

SafeCharge (AIM: SCH), a leading payments technology company, provides the following trading update for the first six months of 2018.

Trading in the first half of the year has been strong with good momentum in revenues and transaction processing volumes in H1, driven by new customer wins.

The Group continues to invest in new sales people and additional marketing to bring in new customers and generate a greater awareness of SafeCharge’s capabilities outside our traditional markets and verticals.

With robust current trading and strong sales pipeline, the Board remains confident that the outcome for the year will be in line with market expectations.

The Company expects to announce its interim results for the period ending 30 June 2018 on 13 September 2018.

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SafeCharge reports good momentum in revenues driven by new customer wins in 1H-2018


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