Online facility of Ivobank

This week Ivobank launched its online facility Ivobank.com. Ivobank is the first to be authorised and regulated by the UK Financial Services Authority (FSA) and is owned by the Sampoerna family - better known for their Mansion online gambling group.

The services offered by Ivoabnk include fast and secure online payment and money transfer. The bank expects to have 1 million customers within the next five years. Customers of Ivobank are allowed to move money instantly from online accounts to friends and family overseas which is very attractive and practical for international money transfers.

While the bank offers its services to a wide circle of consumers, it is mainly intended for online gamblers.

”The online gaming industry has developed rapidly in recent years, but the financial services supporting it have not kept pace,” said Timothy Sawyer, Managing Director. ”Many online businesses and customers have been ill-served to date, resulting in relatively high costs and relatively low levels of service.”

”Ivobank aims to plug the gap by offering instant and highly secure online payment services, combined with competitive interest rates,” he added.

Among other advantages available with Ivobank customers will be provided competitive rates of interest on deposits up to 4.5 percent AER, the Ivobank Virtual Card that can be used securely online wherever MasterCard is accepted and 24/7 customer support via telephone, online Live Chat and secure email.