“The acquisition marks a further milestone in the execution of SafeCharge’s strategic plan to enter new product verticals and deliver innovative payment technologies. We are thrilled to be part of a bigger entity to further the adoption of the most innovative payments technology globally. Nuvei, which is based in Plano, Texas, was known at one point as Pivotal Payments prior to becoming renamed. The scheme of arrangement of the recommended cash acquisition by Nuvei Bidco of the share capital of SafeCharge International Group Ltd (LON:SCH) became effective today at 12.00 p.m and the entire issued and to be issued share capital of SafeCharge is now owned by Nuvei Bidco. Our goal is to create bigger and better payment opportunities for all, paving the way to great partnerships. Both SafeCharge companies are wholly owned by SafeCharge International Group Limited.“CreditGuard is highly regarded within the payments industry, with a solid portfolio of clients across multiple market sectors and a vast knowledge and expertise in Enterprise IT infrastructures, networks and security. SafeCharge noted that shareholders would still get a final dividend of 7.22 pence per share, which was previously announced.Together with Visa, PYMNTS invites you to a month-long series of livestreamed programs on these issues as they reshape B2B payments. Acquired Organization: Nuvei (formerly SafeCharge) SafeCharge is now Nuvei the payment technology partner of thriving brands. Nuvei (formerly SafeCharge) acquired by Nuvei. We provide fully-supported payment solutions designed to promote and advance our partners’ success. The offers also encompassed a capital increase of 700 million euros. Save. The deal comes amid the market debut of Crate And Barrel On Weathering The Pandemic-Driven Push To OmnichannelIn other recent news, digital payment company Nexi SafeCharge shares increased by as high as 24 percent to 435 pence, which was near the 436 pence that Nuvei offered prior to “paring some of the gains,” per the report. Google Pay and Android are trademarks of Google LLC. The European IPO market had a slow start to 2019, but the Nexi move and others signal that it is starting to warm up.Banks, corporates and even regulators now recognize the imperative to modernize — not just digitize —the infrastructures and workflows that move money and data between businesses domestically and cross-border.In an all-cash deal valued at $889 million, Get our hottest stories delivered to your inbox.Deep Dive: How Subscription Services Retain Customers By Hitting Pause Do let us know and we'd be happy to check ourselves and fix if necessary. CreditGuard’s audited accounts for the financial year ended 31 December 2013 show revenues of US$2.9 million (NIS 11.5 million), EBITDA of US$0.5 million (NIS 1.8 million) and profit before tax of US$ 0.2 million (NIS 0.8 million). Overview. Masters of modernization share insights and answer questions during a mix of intimate fireside chats and vibrant virtual roundtables.POWERING THE DIGITAL SHIFT – B2B PAYMENTS 2021 Mastercard, Interac Team On Canada Cross-Border PaymentsSubscription Business Models Lead B2B VC FundingSign up for the PYMNTS.com Newsletter to get updates on top stories and viral hits.Consumers Who Use Mobile In-Store Are More Frequent Brick-And-Mortar ShoppersThe firm sold shares to upwards of 340 investors from around the world, and more than 100 from Italy.

The Acquisition is expected to complete in January 2015. Thank you.According to the statement, SafeCharge has applied to the AIM stock exchange in London for the cancellation of the admission to trading of SafeCharge shares on AIM. SafeCharge shareholders will receive US$5.55 for each share held. Summary. Apple and Apple Pay are registered trademarks of Apple. Nuvei completes acquisition of SafeCharge for US $889 million, strengthening its global payment technology and reach The combined organization will bring best-in-class payments technology,… SafeCharge Collaborates with Visa to Provide InsurTech Company Setoo with Faster Insurance Payouts “Thanks to SafeCharge’s technology platform, we’ve enhanced our ability to deliver powerful payment solutions to our technology partners, merchants and resellers.

For more information on how to manage cookie setting please see our © 2007 - 2020 SafeCharge International Group Limited.The initial and deferred consideration will be financed from the Group’s existing cash resources.SafeCharge (AIM: SCH), a leader in advanced payment technologies, today announces the acquisition of CreditGuard Ltd. (“CreditGuard”), for an initial cash consideration of US$8 million (NIS 31.4 million) and deferred consideration capped at US$0.4 million (NIS 1.7 million), subject to customary closing adjustments, (the “Acquisition”).