September 4, 2013

Optimal Payments announces European partnership with Payline

LONDON--Optimal Payments Plc, a leading global online payments provider, has formed a strategic partnership to provide the NETELLER eWallet to Payline, the payment platform developed and operated in France by Monext.

The agreement means that the NETELLER eWallet will become a new payment provider to existing Payline clients such as The eWallet allows consumers to pay for goods and services securely over the internet in a wide range of industries. Since its launch in 1999, millions of consumers in over 200 countries have used the NETELLER eWallet payment service to transfer billions of dollars safely around the world.

The eWallet provides instant transfers, support for 19 currencies and 13 languages, marketing and loyalty programs, stringent identity, age and Know Your Customer processes, and low FX rates.

Lorenzo Pellegrino, VP Digital Development at Optimal Payments, commented: "This partnership is a further example of NETELLER's growing reach in Europe and we look forward to working with the Payline team to offer our trusted and secure payment system to their customers."

Didier Brouat, Head of Payline added: "We are proud to add the NETELLER eWallet to our payment services and enhance our offering to customers. This, along with other initiatives, is key to the growth of our operational features."

Payline is a highly-adaptable and easily-implemented secure online payment solution aimed at players in the e-commerce and mobile commerce fields. First developed in 1996 by French company MONEXT, the trailblazer in terms of e-commerce solutions in France, this comprehensive and highly-effective solution may be used on all MO/TO sales channels and can be tailored to suit the needs of the individual online retailer. This solution is now used by 6,000 e-tailers in France and right across Europe to process almost 200 million payments each year. Payline's guiding principles are innovation and efficiency, with its ultimate goal being to predict and prepare for the future needs of online shoppers and retailers. In fact, Payline was the driving force behind such innovations as 'one click payment', 'selective 3D Secure' and 'real-time monitoring of your sales on iPhone and iPad'.

As one of the world's largest independent digital wallet and money transfer services, the NETELLER service processes more than US $3 billion billions of transactions each year between consumers and merchants in over 200 countries, 19 currencies and 13 languages. The service provides businesses and individuals with an online alternative to traditional payment methods, providing an instant and indemnified payment and pay-out mechanism in markets where traditional methods may not work, have a high incidence of fraud, or are too slow. NETELLER can be used at more than 32 million locations worldwide via direct payments or the included award-winning NETELLER Net+ MasterCard.



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