SafeCharge CEO David Avgi announced that the company’s relationship with Mastercard Europe is going to take on a new dimension. Now SafeCharge, which provides payment service solutions for businesses, has approval to issue prepaid Mastercards.
Ali Farid Khwaja, a former Financial Technical analyst and Berenberg, will be head of its new Issuance division. Avgi said the ability to issue pre-paid and co-branded cards will mean “a significant step in building a new pillar to our business.”
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Ali Farid Khwaja is from Pakistan and studied at the Said School of Business at Oxford as a Rhodes Scholar. He was awarded Best Economist in Pakistan in 2005. He served as the Vice President Equity Analyst at Berenberg Bank.
David Avgi was born in Israel and is the founder of Safecharge. He holds a 10% stake in the company.