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NETeller buys minority stake in Centricom

16 August 2007

NETeller completed its acquisition of a minority stake in Australian payment processor Centricom this week. The $4 million deal gives NETeller a seat on the board and significant foothold in Australia and the Asian Pacific markets.

Centricom operate the POLi e-wallet in Australia and New Zealand. NETeller, which has been offering POLi since January, is eager to continue the relationship.

"We are pleased to cement our existing relationship with Centricom through this investment," said NETEller CEO Ron Martin in a statement. "We look forward to working with Centricom to drive the business through its next phase of growth."

POLi is also available in South Africa, where it is run by Centricom partner ATM Solutions.

NETeller buys minority stake in Centricom is republished from Online.CasinoCity.com.
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Best of Vin Narayanan
Vin Narayanan

Vin Narayanan is the managing editor at Casino City. When he's not writing or editing stories, he likes to play Chinese Poker, Badugi, Razz and any other "non-traditional" poker game. He also thinks blackjack is his best game and loves game theory.

Before joining Casino City, Vin covered (not all at the same time) sports, politics and elections, wars, technology, celebrities and the Census for USATODAY.com, USA WEEKEND and CNN.

A proud graduate of Michigan State University, Vin can be found on most nights and weekends trying to find a way to watch the Spartans play football or basketball.

Vin Narayanan
Vin Narayanan is the managing editor at Casino City. When he's not writing or editing stories, he likes to play Chinese Poker, Badugi, Razz and any other "non-traditional" poker game. He also thinks blackjack is his best game and loves game theory.

Before joining Casino City, Vin covered (not all at the same time) sports, politics and elections, wars, technology, celebrities and the Census for USATODAY.com, USA WEEKEND and CNN.

A proud graduate of Michigan State University, Vin can be found on most nights and weekends trying to find a way to watch the Spartans play football or basketball.