SafeCharge expects further growth after ‘strong’ start to Q2

Payment service provider SafeCharge has forecast further growth in the second quarter of 2014 after it recorded ‘strong’ trading during April and the first half of May.

The trading update comes after the company reported a year-on-year increase in revenue during the first quarter of 2014, with SafeCharge saying that the rise was primarily driven by organic growth of its existing customers.

The firm said it has continued to develop a strong pipeline of new business opportunities in the second quarter and has gained significant new clients, including Gaijin Entertainment and Ladbrokes, which both went live on the SafeCharge payment platform in Q2.

Meanwhile, SafeCharge has also moved to strengthen its geographic expansion plans by appointing Praful Morar as corporate development and strategy director.

Morar, who will report directly to the chief executive officer, previously served as vice-president of vertical market strategy at payment processing company Worldpay.

In his new role, Morar will be focused on driving SafeCharge’s international expansion plans in existing and new regions.

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