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NETeller Takes Its Business to the Pacific

NETeller, once the most popular of e-wallets operating alongside the American online gambling industry, has announced a new Asia-Pacific campaign. The company has left the United States market following the enactment of the Unlawful Internet Gambling Enforcement Act and only recently settled all its debts to the American gambling public. It seems as the online transaction services provider has gone up a gear with its pursuit of additional markets. The Isle of Man based online business is describing itself as an independent global online payment business and hopes for international recognition.

E-wallets are important partner to the industry of online gambling as their allow players multiple ways of paying for their online casino gambling. According to the company’s announcements, NETeller has signed a new deal that expends NETeller’s expertise as a payment hub for its merchants in the Asia Pacific region. The agreement was made with Centricom Pty Limited – an Australian company that provides online transaction servicers and operates in the region. This way, NETeller could push forward its payment platform, the POLi system. Hopefully, the gambling public in the Asia Pacific region will take into the new offers as additional payment methods mean more gamblers. Some people do not gamble online strictly because they are intimidated by online piracy and fraud. NETeller has an international standing in the world of online finance and it might attract new online casino players.

The new business deal is going to cost NETeller roughly AUD$ 5 million and will reward the company with one director position at Centricom board. The Asia Pacific region is growing and much business is expected to be generated over there. As we all know, were there online business takes place – online gambling is there. NETeller’s presence is only going to do benefit the international and local online casino community.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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