Online Payment Provider Netbanx Increased Transactions by Nearly One Third in 2014
Netbanx is a payment provider focusing on online payments processing. The parent company of Netbanx, Optimal Payments, which also owns Neteller E-Wallet, announced plans in 2015 to acquire the company operating another digital wallet, Skrill, for over USD 1 billion. Another acquisition made by Optimal Payments in 2014 of two US-based payment companies was undertaken to expand the Netbanx business, particularly in the USA.
Among the clients of Netbanx are over 10,000 online and multichannel businesses from regulated gambling, gaming, E-Commerce, education, utilities and other sectors. The number of payment transactions processed by Netbanx in 2014, including those of the acquired US-based companies, grew by almost a third from 100 million transactions in 2013. The value of payment transactions processed grew proportionally to their volume.
The international online payment methods supported by Netbanx include credit cards, such as American Express, Diners Club, JCB, MasterCard and Visa, but also E-Wallets, for example, Neteller and PayPal. Furthermore, a number of local methods are offered, such as SEPA direct debit in Europe, Interac online transfer in North America and POLi bank transfer in Oceania. In 2014, Netbanx added MasterPass digital wallet to its payment method offering and planned to add Apple Pay.