FAST EXPANSION FOR ONLINE BANK

5 September 2008

Indonesian billionaire's online banking venture now active in Europe


It's been barely six weeks since the industry saw the launch in the UK of Ivobank.com, an online banking initiative owned by Indonesian billionaire Putra Sampoerna (61), but the venture is apparently growing like Topsy, with new launches this week in France, Italy and Germany.

Ivobank specialises in online payments and money transfer services, making it the subject of considerable interest among online gambling operators, affiliates and players (see previous InfoPowa report).

Offering faster and cheaper cross-border and online payments, Ivobank is now available in France, Italy and Germany as well as the initial launch countries of the UK, Spain, Ireland and Canada.

The bank promises customers secure and fast online payments, 24/7 customer support via telephone, online Live Chat and secure email, and competitive rates of interest on deposits held - up to 4.5 percent AER. The bank also allows customers to move money instantly from their accounts to friends and family overseas at no charge, making it an attractive vehicle for international money transfers.

Managing director Timothy Sawyer said: "More businesses and people are now choosing to bank online, make payments and transfer money on the Internet. Following our successful launch, we are looking forward to opening up our rapid payments service to more customers across Europe and plan to introduce our service to even more European countries shortly."

Customers in France, Italy and Germany will also have access to a virtual debit card - the Ivobank Virtual Card - which can be used to make purchases online anywhere that MasterCard is accepted.

All funds transferred by customers are indemnified and settled immediately, 24 hours a day and seven days a week. Low transaction fees and multi-currency settlement with localised payment options make Ivobank an attractive option for European companies.

Customers in France, Italy and Germany can apply for an Ivobank account online - there is no sign-up fee and no minimum deposit.

Ivobank is authorised and regulated by the FSA in Britain.

Online Casino News courtesy of InfoPowa