Optimal Payments

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Optimal Payments PLC
Type Public company
Traded as LSEOPAY
Industry Online banking
Founded 1996
Headquarters Douglas, Isle of Man
Key people Chairman
Joel Leonoff, CEO & president
Products Electronic money
Revenue Increase$179.1 million (2012)[1]
Employees 200 (2012)
Website optimalpayments.com

Optimal Payments PLC, formerly known as Neovia Financial PLC, is an online payments company[2] based in the Isle of Man and regulated in the United Kingdom. It is the provider of the Netbanx gateway, Neteller e-wallet, and Neteller Net+ debit card products used by merchants and consumers in over 180 countries.


The company was formed from the combination of Neteller Plc, Netbanx Ltd and Optimal Payments Inc. Netbanx was founded in 1996, and both Optimal Payments and Neteller 1999.[3] The company has been publicly traded on the London Stock Exchange since its initial public offering (IPO) in 2004.[4] In November 2008 the company renamed itself to NEOVIA Financial PLC.[5]

In early 2011 the company acquired Optimal Payments of Montreal, Quebec and renamed itself to Optimal Payments PLC. The acquisition was revealed to be a reverse takeover in early 2012 with the purging of a number of the senior management along with the chairman of the board.[6] In July 2014, Optimal Payment PLC expanded its United States interests and purchased Meritus Payment Solutions a California based payment processing company, a deal worth over $235 Million.[7]

Products and services[edit]

The company's products are offered via the software as a service (SaaS) model. The Netbanx service processes credit and debit card-not-present and non-card payments for North American, European and Asia global retailers through their online stores, mail-order/telephone order and automated (IVR) phone channels.[8] The service offers both direct processing and acquiring merchant services/merchant accounts.

Neteller is an electronic money/e-wallet stored-value service that allows consumers to send and receive money.[9]


  1. ^ 2012 results at Investegate
  2. ^ "Optimal Payments PLC (OPAY.L) Company Profile". Reuters. Retrieved 11 June 2012. 
  3. ^ Timeline/history
  4. ^ Company IPO Document
  5. ^ Finextra: company renames. Finextra.
  6. ^ Reuters name change to Optimal Paymentns complete
  7. ^ "Optimal Payments to expand to USA". casinoslots.net. Retrieved 2014-07-02. 
  8. ^ Shop Direct choose Netbanx
  9. ^ "Neteller Casino Overview". Retrieved 2011-05-24. 

External links[edit]