Nuvei Closes Acquisition of SafeCharge, for US$889M

nuveiNuvei, a Montreal, Canada-based payment technology company and provider of global payment solutions, acquired SafeCharge International Group Limited (LSE: SCH), a Guernsey headquarterd global payments technology company.

The deal creates a global payment solutions provider with scale, to service clients of any size across the world.

By combining Nuvei’s presence in the US and Canada with SafeCharge’s presence across Europe, Asia, and Latin America, the acquisition will accelerate the growth of the combined organization and allow it to serve partners and merchants of any size, vertical, and geography.

By leveraging SafeCharge’s technology, Nuvei reinforces its global proposition and delivers fully-supported payment solutions to its clients and distribution networks, regardless of size, vertical or geography. Its proprietary platform offers direct connections to all major payment card schemes worldwide, supports over 150 currencies and 180 payment types.

Led by Philip Fayer, Chairman and CEO, Nuvei provides fully-supported payment solutions designed to promote and advance its partners’ success. It works with ISOs, ISVs, payment facilitators, developers, and eCommerce platforms, supporting them with the technology, expertise, and customer service they need.

Led by David Avgi, CEO, SafeCharge provides global omni-channel payments services from card acquiring and issuance to payment processing and checkout, all supported by advanced risk management solutions. Its proprietary payment platform connects directly to all major payment card schemes including Visa, MasterCard, American Express and Union Pay as well as over 150 local payment methods.

The company, which has been listed since 2014, has made an application to the London Stock Exchange AIM market for the cancellation of the admission to trading of SafeCharge shares on AIM, expected to take effect August 2, 2019.



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