The new service enables gamblers in Asia to withdraw and transfer funds via the internet to any merchant website, including gambling sites, and to and from other Neteller customers.
Arizona Bay and Neteller which conducts thousands of online transactions to gambling sites every day began work on the Asian Invasion in September 2005. Firstly, a team of experts was assembled to conduct analysis into the state of the Asian gambling market. A localized product was then developed and the end result is now available for use to over 1,700 Neteller merchants worldwide.
The new service offered by Neteller is the first to target the Asian gambling market and has given the internet banking company a firm foot in the future of Asian online gaming.
A number of international firms are following developments in the Asian gambling market with keen interest. While some Asian countries such as China have a strict anti-gambling policy in place, others are tentatively exploring ways in which to regulate the industry.
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