Netagio partners with WalPay for payments processing following CTS account closure

Sunday, 28/09/2014 | 10:54 GMT by Leon Pick
Netagio partners with WalPay for payments processing following CTS account closure

Netagio has partnered with Isle of Man-based WalPay for payment processing in GBP, EUR and USD. According to a press release, additional currencies will be supported in the future.

WalPay is a payment processor based in Isle of Man, with a previous focus on the Gaming, Adult, Forex and Binary Options industries.

The partnership comes after bitcoin businesses on the island faced a setback when Capital Treasury Services (CTS) said that its bank account had been closed due to bitcoin-related activity. CTS had served as a bridge between banks and bitcoin businesses. Said Netagio CEO Simon Hamblin:

"The very day we were informed of CTSโ€™s decision, we began assessing both our dormant and new banking relationship partners, undertaking the necessary rigorous due diligence required."

Netagio also announced that the current partnership will pave the way for a credit/debit card offering, which would aim to may Payments even easier.

Netagio has partnered with Isle of Man-based WalPay for payment processing in GBP, EUR and USD. According to a press release, additional currencies will be supported in the future.

WalPay is a payment processor based in Isle of Man, with a previous focus on the Gaming, Adult, Forex and Binary Options industries.

The partnership comes after bitcoin businesses on the island faced a setback when Capital Treasury Services (CTS) said that its bank account had been closed due to bitcoin-related activity. CTS had served as a bridge between banks and bitcoin businesses. Said Netagio CEO Simon Hamblin:

"The very day we were informed of CTSโ€™s decision, we began assessing both our dormant and new banking relationship partners, undertaking the necessary rigorous due diligence required."

Netagio also announced that the current partnership will pave the way for a credit/debit card offering, which would aim to may Payments even easier.

About the Author: Leon Pick
Leon  Pick
  • 1998 Articles
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About the Author: Leon Pick
  • 1998 Articles
  • 5 Followers

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