Neteller shows a steady growth

[img_assist|nid=7386|title=|desc=|link=none|align=left|width=100|height=84]Neteller payment processor has published its Q3 report. Despite the downturn in the world economy Neteller shows the steady growth. So, according to the last year results for the same period this year company revenues grew 12% that is $19.1m against last year’s $17m.  

However, while revenue from the company's 'e-wallet' business rose 27% to $13m, Europe-wide payments business NETBANX Europe's revenues were below expectations due to the economic downturn, says ShareCast. 

"Despite the disappointing performance of NETBANX Europe in the second half of 2008, the Board remains confident about prospects for the business for the full year and beyond…. The current market environment is producing some interesting investment opportunities and, as a result, the group is investigating a number of strategic investments at present," commented NETeller.