Good potential of NETeller

May 13, 2008 - 9:12am | News | Payment systems |
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[img_assist|nid=7386|title=|desc=|link=none|align=left|width=100|height=84]A promising start of - NETeller Plc., online payments system, has continued into the second quarter. The company's programs and services are now bringing high profits.

The company expects to go on developing successfully during the rest of the year and further.

According to the company's statement there were positive cash flows from operations monthly on continuing emphasis on its cost base to support its growing operations effectively.

In April fee income accounted for $3.8 million without taking into consideration its gateway businesses, NETBANX and 1-PAY Direct, the 1-PAY e-wallet in Asia, foreign exchange and investment income. This April revenue increased 15% in comparison with March.




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