Optimal Payments Plc Shows Off With “Exceptional” 2013 Results

Optimal Payments plc reported its great financial success in 2013 in its full year report.

Optimal Payments initial name was Neovia Financial plc, and it is based in the Isle of Man and has UK regulation. It is a trusted online financial processing company, which facilitates security payments around the world and is used by millions of clients and thousands of businesses.

It operates in multiple currencies and numerous online casinos in the UK and elsewhere, using its services when transferring money to and from its clients. Optimal Payments is holder of various awards from the London Stock Exchange, The Grant Thornton, ga Gaming, prepaid365 Awards and others.

Services

Optimal Payments includes several subsidiaries like Netbanx, Neteller and Net+, which altogether provide integrated secure and fast payment opportunities. The main businesses, which use these services, are in the gaming sector, following all UK gambling laws, as well as many other companies from the entertainment and digital goods sectors.

Optimal Payments plc reported great financial success in 2013

• Total revenue up with 41% to $253.4 million

• Net profit after tax was $31.5 million

• Neteller revenues were up by 54% to $59.8 million

Netbanx payment service provides clients with a secure gateway and Merchant Account, so they can receive card and non-card payments.

Neteller digital wallets offer a spending account to millions of consumers in more than 200 countries, who can pay securely online.

The Optimal Payments Net+ card offers excellent prepaid options both to individuals and large corporations. The Net+ card goes along with the Neteller wallet and it allows customers to pay securely in more than 32 million MasterCard locations online or at POS and ATM.

Neovia provides companies with a flexible card, which lets them, pay various amounts to individual clients, employees, affiliates or accommodate to rewards schemes.

Report milestones

Optimal Payments included different achievements in its 2013 financial report and some of the most important of them are: EBITDA was up with 89% to a total of $52.2 million in comparison with $27.6 million in 2012, the total revenue was 41% up to $253.4 million in comparison with $179.1 million in 2012 and the net profit after tax was $31.5 million in comparison to $1.2 million in 2012.

Additionally, Neteller had an amazing turnaround in stored value business as its revenues were up by 54% to $59.8 million in comparison to $38.8 million in 2012 and the different projects, which were started in the previous year, continued to be profitable.

Moreover, Netbanx continued to grow in Asia and it achieved 39% increase in revenues up to $193 million, which were $138.9 million in 2012.

Furthermore, Optimal Payments Net+ managed to reduce its loans to $9.5 million by the end of December 2013 and by the end of January 2014, managed to clear all its material debts.

Various initiatives

Number of different projects has also progressed significantly in the past year. For example the granted membership with Visa Europe and MasterCard Europe, enables Optimal Payments to offer acquiring services to clients in the European Union from the second half of 2014, as well as to benefit from competitive rates and increased market opportunity.

Additionally, a US office was opened and new Neteller and Net+ products were introduces in the country this month.

Moreover, the fact that more US states like California, New York and Pennsylvania are considering to apply for online gaming licensing, promises exclusive revenue increase in the following years depending on the actual beginning of online offerings in these states.

Furthermore, Optimal Payments reported its serious planned investment in specialists and modern technology in 2014, including modern payments services for regulated US online gaming, mobile payment and card issuing.