The payment processor SafeCharge was co-founded by Teddy Sagi and David Avgi in 2006.

SafeCharge Limited is an e-Money Institution authorized and regulated by the Central Bank of Cyprus and is a principal member of Mastercard, Visa, and Unionpay International (CUP). SafeCharge Financial Services Limited is authorized and regulated by the Financial Conduct Authority as a Payment Institution. Both SafeCharge companies are wholly owned by SafeCharge International Group Limited.

In August 2019 SafeCharge was acquired by Nuvei (PC42 profile), a privately owned Canadian payment processing company, for the amount of US$889 million. Since then, SafeCharge is doing business under Nuvei.