Sometimes a downfall may turn into a true rebirth. That is at least the case if we look at Neovia, formerly Neteller. After total failure, having destroyed reputation, the company decided to change its name. As it turns out, that was the best step that could have been taken in order to start again, as a stronger business. Neovia Financial announced a finalized deal with the European Prepaid Payment Services Divisions of IDT Corporation. Neovia took as its aim to become one of the top payment processing and independent prepaid debit card services in the world. Functioning under the previous name, Neteller, the company’s strategy was mainly focused within the online casino gambling industry. On the basis of Neovia’s new business plan, the company is going to extend its field of performance.
In practice, the new deal means that Neovia will now wholly own the former IDT product and all of the existing services. The acquisition of this advanced business now gives Neovia an additional strong network of existing users and technology and this in turn, undoubtedly reinforces the company’s position in the market. Neovia openly declared that it has a goal of becoming the top choice in the UK and European markets. The acquisition of IDT’s technology is going to benefit the company in two ways- firstly, it gives Neovia an “in” within the sector of the market and secondly, the technology and framework of the IDT technology will go a long way toward development on the Net+card product.
The online casino gambling industry has been waiting anxiously for the Netcard, since it allows gamblers to almost immediately withdraw their winnings from their player accounts. This means really a lot to the players and they will definitely appreciate such comfort. Rather than waiting for a transfer from one back account to another, the players can transfer funds into their issued Mastercards and use those funds as they would any other debit or credit card.