International edition
September 27, 2020

Approval to issue pre-paid products

SafeCharge gets additional green light from MasterCard Europe

SafeCharge gets additional green light from MasterCard Europe
(Israel).- Payment services provider SafeCharge has been granted approval for Issuing Activity from MasterCard Europe. “The approval enables us to issue our own and co-branded pre-paid cards and is a significant step in building a new pillar to our busi
Israel | 12/16/2014

(Israel).- Payment services provider SafeCharge has been granted approval for Issuing Activity from MasterCard Europe. “The approval enables us to issue our own and co-branded pre-paid cards and is a significant step in building a new pillar to our business,” David Avgi, CEO of SafeCharge, said.

T

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.

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