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May 1, 2020

SafeCharge boosts presence in France by launching Cartes Bancaires offering

SafeCharge has expanded local acquiring into France by launching Cartes Bancaires offering, the national interbank network of France.

The Canadian payments firm facilitates access to more than 300 alternative payment methods across the globe.

SafeCharge, a Nuvei company, said that the addition of Cartes Bancaires will further enhance local and cross-border transactions by offering a “secure and familiar form of payment.”

Cartes Bancaires, which operates on a closed-loop interbank network, requires a local acquiring connection.

Cartes Bancaires has more than 70 million cards in circulation. Approximately, 60% of payments in France are made using the card brand.

The latest offering will slash SafeCharge merchants’ fees for domestic processing.

The addition of this local payment alternative will also enable merchants to enhance authorisation acceptance rates and generate more potential revenue, the company said.

Nuvei chairman and CEO Philip Fayer said: “It doesn’t just take great technology to succeed. Digital transformation is key to growing in today’s global market. Businesses need a payment partner they can rely on to implement and execute a successful payment strategy.

“Launching Cartes Bancaires acceptance gives our customers another edge needed to thrive locally and globally, all through a single, integrated platform.”

SafeCharge MD and head of global acquiring Yuval Ziv said: “We are excited to offer Cartes Bancaires as a local, preferred payment option, providing greater access to the booming French online market.

“Consumers in France have embraced eCommerce nearly universally. SafeCharge customers can now expand their business and maximise conversions, whilst delivering a localised user experience to a sophisticated and affluent consumer base.”

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