Kahn will lead the new management team at
The business, based in Grimsby, was founded in 1995 to provide merchant services and other services to Britain’s independent retailers. It currently services more than £2bn of transactions per annum.
Kahn was CEO of Travelex, the world’s largest non-bank foreign exchange business, until November 2006, and led the sale of the group to Apax in March 2005.
Kahn said: “Cardsave is well placed to benefit from the increasing move from cash to credit and debit card settlement in the small retailer market place. We expect the replacement of cash with plastic to accelerate further with the introduction of contactless payments. It is hoped that Cardsave will be a platform for several acquisitions that we will make in the financial service arena.”