A new online bank has been launched, primarily to serve online gaming businesses and players. It offers fast, secure and efficient online payment, withdrawal and money transfer services.
Ivobank is the first independent bank to launch since the “dotcom boom” of 2001 and the first to be authorised by the Financial Services Authority. The site plans to have one million customers within the next five years. The bank is open to anyone but has been specifically designed with the gaming community in mind.
”The online gaming industry has developed rapidly in recent years, but the financial services supporting it have not kept pace,” Timothy Sawyer, Managing Director of Ivobank, said.
”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,’’ Mr Sawyer continued.
Ivobank also allows customers to move money instantly from their bank account to friends and family overseas. Clients have access to an online debit card – the Ivobank Virtual Card – which works wherever Mastercard is accepted.