8th May 2006 07:01
NETeller PLC08 May 2006 For immediate release NETELLER(R) Significantly Expands European and Asian Offerings NETELLER Plc (LSE: NLR), a leading online money transfer service provider,announces today that it has recently extended its European offering by launchingGerman, French, Spanish and Italian versions of its service. Customers in thesefour countries can now access local language and payment options and will besupported by a native speaking contact centre facility, with 24/7 service. This latest major enhancement to the NETELLER service is another significantmilestone in the Company's strategy to deepen and extend its offering into morecountries and market sectors. NETELLER's English-only website has already built up a global user base of morethan 2.6 million customers and 3,400 merchants across 160 countries. NETELLERexpects to drive adoption of its service within these four major Europeancountries by enabling customers to transfer money from their local bankingsystems, in Euros and in their own language. Since the release to customers on25th April, early indications are already showing a significant growth insign-up rates from new customers, particularly in Germany and France. Merchants who conduct business in these countries will also benefit from beingable to offer a seamless, single language and currency service as theircustomers transfer between their website and NETELLER's service. In addition to enhancing its European offering, NETELLER also today confirmedthat it has placed a strategic footprint in the emerging Asian market byofficially announcing the availability of its new 1-Pay(TM) (www.1-pay.com)payments platform for the region. The new service has undergone extensivetesting during the last quarter and is now integrated with a number of keymerchants in the area . The Company has already been running a Japanese sitesince mid 2005. Ron Martin, President & CEO, commented "I am delighted that we are now able tooffer the most trusted and secure online payment service to these importantgeographies. This is another milestone in NETELLER's pursuit of deepening andextending its service within a greater number of countries and market sectors." Finally, NETELLER also announces that it has completed a major technologyoverhaul, replacing its existing member application technology with a morescalable JAVA platform. NETELLER says that this will provide the necessaryfoundation to support its continued aggressive member and merchant acquisitionplans. NETELLER will announce a trading update for the quarter ended 31 March 2006,together with its AGM statement, on Thursday 11 May 2006. Enquiries: NETELLERAndrew Gilchrist +44 (0) 1293 555 726 Citigate Dewe Rogerson +44 (0) 207 638 9571Sarah Gestetner/Seb Hoyle/George Cazenove Notes to Editors The NETELLER Group With over 2.6 million customers in 160 countries and more than $7 billion inannual transactions, the NETELLER Group operates the largest independent onlinemoney transfer business in the world. The Group specializes in providinginnovative and instant payment services where money transfer is difficult orrisky due to identity, trust, currency exchange, or distance. Being independenthas allowed the Group to support over 3,400 retailers and merchants in manygeographies and across multiple industries. The Group is one of the largest companies quoted on the London Stock Exchange'sAIM market, with a ticker symbol of NLR. NETELLER UK Limited is authorised bythe Financial Services Authority (FSA) to operate as a regulated e-money issuer.For more information about the Group visit www.netellerplc.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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