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SafeCharge acquires 3V Transaction to launch issuing division

31st December 2014 5:36 am GMT

SafeCharge has acquired 3V Transaction Services, with the company set to form the foundation of the UK-listed payment provider’s card issuing division.

SafeCharge has entered into a definitive agreement to acquire 100 per cent of 3V’s issued share capital for a total consideration of €14.5m, of which €11.6m is payable on completion in January 2015.

The acquisition will accelerate the company's entry into pre-paid card issuance, gift cards, vouchers and mobile payments.

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