Innovative sharing economy marketplaces to benefit from wide array of payment technologies and services
SafeCharge (LON:SCH), a leader in advanced payment technologies, today announced that it is providing its payments technology to Funzing, an innovative sharing economy marketplace.
Funzing is a community marketplace that connects hosts that have created unique experiences with members of the public looking for an unusual way to use their free time. The organisation operates across three primary markets including United Kingdom, Israel and Singapore.
This marketplace faces multiple challenges related to payments including: accepting payments from global consumers and disbursement of payments to hosts. In addition, the marketplace demands a reliable payment service that is essential to serve its loyal community. Detailed reporting and analytics are key capabilities for optimising the marketplace checkout journey.
"Marketplaces will continue to grow in both number and size as an effective way to directly connect buyers and sellers. SafeCharge has identified these demanding businesses as strategic clients and is committed to facilitate their payments ensuring they meet buyers and sellers needs, are fully secure and address applicable regulation requirements," said Yuval Ziv, COO, SafeCharge. "Funzing is an innovative sharing economy platform and we are excited to facilitate payments for this fast growing market.”
"One of our biggest challenges is meeting the needs of buyers and sellers that want to use diversified payment options. SafeCharge has provided a transparent, highly resilient and always-available payments solution - without passing the complexity on to us," said Avigur Zmora, Founder, Funzing.
SafeCharge International Group Limited is a global provider of technology-based multi-channel payments services and risk management solutions for demanding businesses. SafeCharge has a diversified, blue chip client base and is a trusted payment partner for customers from various verticals. SafeCharge has been Payment Card Industry Data Security Standard ("PCI-DSS") Level 1 certified since 2007 and is listed on the London Stock Exchange AIM market (LSE: SCH). The Company's wholly owned subsidiary, SafeCharge Limited, is an authorised Electronic Money Institution regulated by the Central Bank of Cyprus and a principal member of MasterCard Europe and VISA Europe. The SafeCharge group has operations in the UK, Guernsey, Cyprus, Bulgaria, Israel, Austria, Singapore and Hong Kong.
Funzing is an online marketplace that provides a variety of unique experiences that allow each and every one, both suppliers and customers to create their own event or experience. Funzing's simplicity enables anyone to post an endless variety of events and experiences that they would like to publicise which can be purchased by potential customers. Suppliers posting to our site provide a professional service or experience which they believe will be of benefit to potential customers.