Optimal Payments' CEO Joel Leonoff on Panel at mGaming Summit

The Mobile Gaming Summit is a leading event for operators, affiliates, software providers and their partners to come together to discuss the issues and challenges around mastering mobile gambling.

MGS brings mobile solutions and expertise to the gambling industry and has attracted many of the industry’s leading names to speak, participate and network. MGS is being held at the King’s Fund in London’s West End, further details are available at www.mgamingsummit.co.uk.

The mobile market is growing at a phenomenal rate driven by the continuing penetration of broadband and adoption of new devices. The global mobile games market is forecast to grow to more than $13 billion by 2014, up from us$ 8 billion in 2010. Industry research shows that in the US and Europe more than a quarter of mobile consumers use their phones to play games regularly. Within the online gambling market, mobile devices are forecast to account for over us$ 4 billion of the market by 2013, approximately 10% of the whole online gambling market, up from 7% in 2010.

Optimal Payments has a strong record of providing innovative solutions to the gaming market through both online and mobile channels. For merchants and consumers, the NETELLER eWallet supports mobile payments and the www.neteller.com site is accessible via today’s mobile smartphones to provide consumers with a seamless service wherever they may be.

The NETBANX payment processing solution offers a mobile-enabled payments interface, giving merchants the ability to process payments regardless of the channel or device from which they originate. Optimal Payments continues to invest in its platforms to ensure that its mobile solutions remain at the forefront of market developments.

Joel Leonoff, CEO of Optimal Payments, commented: “The tremendous growth we’ve seen already in mobile gambling is expected to accelerate as new devices allow consumers to access content more easily via smartphones. The convergence of mobile and the innovations offered by gaming operators today means that the consumer is able to play wherever, whenever. The challenge for partners - including payment processors like Optimal Payments – is to meet the demand for simple, secure solutions to enable frictionless gaming services; a challenge that we’re already addressing with our NETBANX and NETELLER solutions.”