Manx-based E-wallet company Neteller has released a trading update for its performance during the third quarter, to September 30.
The firm says its E-wallet continues to show growth, with revenue up 27% from last year, at $13 million.
European revenues were up 20% while Asia Pacific grew 61% over the same period in 2007.
Neteller says it has a solid balance sheet with $89 million in cash, and cash equivalents.
Neteller’s President and Chief Executive Officer Ron Martin says he is pleased with growth in a challenging economic environment.
The company is holding an extraordinary general meeting in the Isle of Man on Tuesday, November 11 to approve a name change to Neovia Financial Plc.
Chamber to launch 'Voice of Business' survey
Ramsey venue to cease breakfast offering from September
Over 120 environmental leaders to meet on Island
Phishing warning issued to Isle of Man Etsy sellers
