SafeCharge Signs Payments Partnership With Paddy Power Betfair

SafeCharge (LON:SCH) has just announced a new partnership which is likely to substantially affect its revenues and bottom line in 2016. The payment technology company has signed a deal with online and offline betting and gaming firm Paddy Power Betfair.

The latter was formed after the Merger of online betting giant Betfair and the biggest Irish bookmaker and online gaming firm Paddy Power. For 2014 the combined revenues of both firms totaled $1.5 billion.

SafeCharge was selected with its service which is facilitating the checkout process for gaming clients.

The Head of Payments , Paddy Power Betfair, Stephen Moffatt, explained: "We selected SafeCharge (LON:SCH) due to its proven and extensive experience in the online gaming industry and the superiority of technology. They were able to provide us with a simple integration, a superior front­end Cashier solution and a quick and easy method to add multiple alternative payment methods."

SafeCharge’s Personalised Cashier service is delivering multiple approaches to assist clients to deposit and withdraw their funds in a simple manner.

The CEO of SafeCharge (LON:SCH) David Avgi, elaborated: “We are proud to be selected by Paddy Power Betfair to facilitate the globalization and diversification of its online payments which demonstrates trust in the robustness, feature richness and the absolute availability of our services.”