SafeCharge Teams Up with 2C2P For Bid at Strengthening Asian Base

SafeCharge, a global provider of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term services and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions, has entered into a partnership with South-East Asia-focused payment services company 2C2P, according to a SafeCharge statement.

The new partnership between the two entities is aimed at augmenting SafeCharge's technology product offering to 2C2P's merchants, relegated mostly to South-East Asia. Furthermore, SafeCharge has also undergone a minority investment in 2C2P.

In particular, Singapore-headquartered 2C2P has a strong list of customers and processed $2.2 billion in payments in 2014. The company boasts offices in Indonesia, Malaysia, Cambodia, Laos, Myanmar, Philippines, Thailand, and Hong Kong.

According to David Avgi, Chief Executive Officer, in a recent statement on the cooperation, "The smart omni-channel technologies of 2C2P, their focus on mobile payments, local integration across multiple payment types and the company's management are some of the reasons for deciding to develop this partnership with 2C2P.

“Asia Pacific continues to be a key focus area for SafeCharge and is a central part of management's long term strategic vision. We expect to see significant growth for SafeCharge coming from the fast growing e-commerce markets in the Asian region," he added.

"Europe has traditionally served as a leading fintech and payments hub. With their global insights and knowledge around key financial verticals, including payments, e-commerce and capital markets, SafeCharge brings valuable insights to 2C2P, helping us apply these to an Asian context,” noted Aung Kyaw Moe, Group CEO of 2C2P in an accompanying statement.

Back in April, SafeCharge made headlines with the elevation of former Chief Executive of SafeCharge Card Services and Executive Vice-President, Ali Khwaja to the role of Chief Financial Officer.