Major Contract Win

SeeSaw.com switches on NEOVIA Payments for UK Online TV Service

Major contract win for payments and micropayments for IPTV platform

Cambridge, UK - Wednesday 3 March, 2010 - NEOVIA Financial Plc (LSE: NEO), the leading global alternative payments business, today announced a significant deal with SeeSaw, the new online TV service in the UK. SeeSaw plans to introduce payment methods for premium content in the coming months which will be provided by NEOVIA.

SeeSaw launched in the UK on 17 February 2010 providing TV fans with a free, high quality archive and catch-up TV service. Later this year SeeSaw will announce its pay launch which aims to have an additional 2,000 hours of premium content.

The deal with SeeSaw will mean NEOVIA will process all payments made on SeeSaw.com via its NETBANX international payment gateway. Payment options will include credit and debit cards and the NETELLER e-wallet. The phased implementation will include rolled-up payments, subscription billing, Direct Debit and streaming micropayments via the NETELLER e-wallet.

John Keeling, Platform Controller at SeeSaw, said: "Online TV is extremely popular in the UK, over 90 million TV viewers used BBC iPlayer in December alone. In 2010 we will see even more interest from TV fans wanting to watch TV online. SeeSaw will introduce premium content to the site in the second quarter of 2010. This will be an important landmark for SeeSaw, it will be imperative that our customers experience a seamless and consistent service. We are pleased to be working with the NEOVIA team as they have a proven and flexible payment network with technology that suits our business model."

Dan Starr, Executive Vice President at NEOVIA, said: "We are very excited by this significant win. Our expertise in online payments, coupled with unique streaming micropayments technology for content purchases, make this a great fit for both companies. We welcome SeeSaw to our expanding portfolio of entertainment and leisure customers."

The NEOVIA Payment Suite features the NETBANX international payments gateway, the NETELLER e-wallet and Net+™ cards. NETBANX allows merchants to accept card and non-card payments through multiple channels including online, contact centres, mail order and via automated phone systems. The NETELLER e-wallet allows consumers to spend securely online as well as allowing merchants to increase customer lifetime value. Net+ cards allow merchants to extend customer loyalty and lifetimes. As well as cards, the NEOVIA Payment Suite supports online payments direct from consumers' online bank accounts.

Key reasons why SeeSaw chose NEOVIA are its proven and flexible payments and billing platform, and its multiple physical data centres that provide improved resilience and high levels of business continuity. Only a few "enterprise-class" payment providers can offer multiple data centres in different geographies with failover and disaster recovery capabilities. These multiple data centres are ready configured and primed for the unlikely event if one of the other sites goes down though a downstream supplier problem or major disaster.

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For further information contact:

NEOVIA Financial Plc

Andrew Gilchrist, VP Communications + 44 (0) 1624 698 713

Email: [email protected]

Twitter: https://twitter.com/neovia

Media Relations

Nick Daines / Sheelagh Connelly, Lumen PR

Tel: +44 (0) 20 7617 7019

Email: [email protected]

About NEOVIA Financial

Trusted by consumers and merchants in over 160 countries to move and manage billions of dollars each year, NEOVIA Financial Plc operates the world's leading alternative online payments network. Through the NEOVIA Payment Suite™, featuring NETELLER®, NETBANX®, Net+™ and 1-PAY™ brands, NEOVIA Financial specialises in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent has allowed the company to support thousands of retailers and merchants in many geographies and across multiple industries.

NEOVIA Financial Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about NEOVIA Financial visit www.neovia.com.