International payments provider SafeCharge has expanded its relationship with MasterCard to serve as an issuer of pre-paid MasterCard products. The company announced the approval Wednesday alongside the appointment of Ali Farid Khwaja as executive vice president of its new card issuing division.
Commenting on the MasterCard approval, SafeCharge chief executive David Avgi said: “The extension of our MasterCard Principal Membership is another achievement for SafeCharge. The approval enables us to issue our own and co-branded pre-paid cards and is a significant step in building a new pillar to our business. We are excited to be continuing to expand our product offering, entering into a new and large market sector and to welcome Ali to drive its growth.”
Khwaja , a former financial technology analyst at private bank Berenberg, will assume his new role in February 2015.
Prior to Berenberg, Khwaja was responsible for investments in emerging markets and a technology analyst at UBS. He is a graduate of Oxford University and a chartered financial analyst (CFA).
source : www.gamingintelligence.com