Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has issued a brief trading update for the first quarter of 2018, indicating that the company generated record revenues and transaction processing volumes in Q1, driven by new customer wins in the second half of 2017.
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 release issued by SafeCharge reads as follows:
SafeCharge International Group Ltd
14 May 2018
Results of AGM and Trading Update
SafeCharge (AIM: SCH), a leading payments technology company, is pleased to announce that all resolutions were duly passed at the Company’s Annual General Meeting, which was held earlier today.
The Company also provides the following trading update:
The Board reiterates expectations for full year 2018 performance.
The Group generated record revenues and transaction processing volumes in Q1, driven by new customer wins in H2 2017.
The growth of SafeCharge Acquiring remains on track.
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.
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