he approval, which is an extension of SafeCharge’s Principal Membership, will enable the company to issue pre-paid MasterCard products which can be used for various online gaming activities across regulated European markets. "The extension of our MasterCard Principal Membership is another achievement for SafeCharge,” David Avgi, CEO of SafeCharge, commented.
Meanwhile, SafeCharge has also appointed Ali Farid Khwaja as executive vice-president of its new card issuing division.
Khwaja, who will assume the new role in February, formerly served as a financial technology analyst at Berenberg, where he specialised in payments services.
“We are excited to be continuing to expand our product offering, entering into a new and large market sector and welcome Ali to drive its growth,” Avgi concluded.