SafeCharge Partners with TAIN, Launching eGaming Payment Service

SafeCharge is teaming up with turnkey solutions provider, TAIN AB, jointly offering a new payment service to White Label licensees and enhance eGaming payment funnel conversions, according to a SafeCharge statement.

Each firm is bringing a unique element to the table for the new service, with SafeCharge providing payment services and risk solutions, given its penchant for fraud prevention, payment processing – alternatively, TAIN specializing in the e-gaming realm.

By utilizing SafeCharge's comprehensive network of Alternative Payment Methods, TAIN will afford White Label licensees access to a broad spectrum of local and alternative payment methods, specifically with a focus on the eGaming industry.

According to David Avgi, CEO, SafeCharge, in a recent statement on the collaboration, "Our partnership with TAIN to improve the player's deposit and withdrawal experience is well aligned with its strategy to continue to deliver technologies for an improved conversion funnel. TAIN is a key partner to collaborate with as both companies are technology driven service providers and this opportunity enables us to further extend the reach of our technologies."

"SafeCharge is our partner of choice as it provides advanced technologies and applied expertise in the eGaming market. This collaboration will both reduce the fraud risk to our licensees and boost their sales revenue by enabling them to offer fully localised payment services including the acceptance of applicable local payment methods from their players," added Christer Fahlstedt, CEO, TAIN, in an accompanying statement.​

Last month, SafeCharge announced its inaugural annual results as a publicly listed company. In 2014, revenues rose 78% YoY to US$76.9 million, with gross profit up 79% to $44.5 million. In addition, net profit went up 122% to $21.3 million with cash flows from operations almost doubling to $20.8 million over the same period.