SYS-CON MEDIA Authors: Pat Romanski, Elizabeth White, Glenn Rossman, Cynthia Dunlop, Peter Silva

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Rentabiliweb Moves to Become a Credit Institution

BRUSSELS, January 20, 2014 /PRNewswire/ --

A strategic operating subsidiary has been incorporated in The Netherlands

The Rentabiliweb Group has incorporated a subsidiary in The Netherlands to boost its international presence and continue the development of its B-to-B activities.

One of the purposes of this subsidiary is to obtain the authorisations needed to act as an Electronic Money Issuer and a Credit Institution. The new services that the group wishes to offer its clients include bank account facilities, transfers and debits, issuing electronic money and credit cards, etc.

This will allow Rentabiliweb:

  • To extend the scope of its financial activities within the SEPA;
  • To assist French merchants who wish to develop internationally, by offering them new products that are adapted to local specificities in terms of means of payment and to offer them to foreign merchants;
  • To have access to a variety of complementary banking solutions ranging from Payment Institution (Be2bill) to Credit Institution services. 

For Jean-Baptiste Descroix-Vernier, the Chairman and Founder of the Rentabiliweb Group:

"The incorporation of this subsidiary is part of a precise strategy that has been implemented in the banking sector for several years. It is a key phase in our development momentum. The Netherlands is at the centre of the SEPA and is a leader for payment services. This is also a country I know well and where I have lived for 10 years. I am delighted at the prospect of being personally involved in hiring and building new teams."

To support the growth of this subsidiary, the Rentabiliweb Group will launch a major recruitment drive over the next 2 years. There are vacancies for candidates with international experience, especially those from The Netherlands and English-speaking countries.  

Future employees will primarily focus on the technical and sales aspects of the new financial services proposed by the Rentabiliweb Group.

Next press release:

The revenue for 2013 will be published on 13 February 2014, along with the run rate figures for Be2bill.

Download the press release from the Group's institutional site:

http://www.rentabiliweb-group.com/en/?p=8888

About Rentabiliweb

Founded in 2002, the Rentabiliweb Group offers businesses and webmasters a leading platform of website traffic monetisation services (e.g. payment and micropayment solutions). It has been definitively approved as a Payment Body by the Banque de France and as a member of the French Bank Card Group (Groupement Carte Bancaire) for the provision of online payment solutions, with the Be2Bill solution. It also runs affiliate programs, offers online advertising space brokerage and interactive voice services for offline media, and provides acclaimed expertise in loyalty programs and direct marketing.

Rentabiliweb is also one of the premier French-language content publishers, with a package of services spanning the full range of mass-market entertainment including astrology, community services, casual gaming, services for the general public, advice for Internet users, personal ads and dating, women's wellbeing, humour, entertainment and more.

Listed on Compartment C of the Euronext Brussels and Paris stock markets, the Group currently has 20 subsidiaries in Europe and America, with a workforce of over 230 worldwide. In 2012, Rentabiliweb's sales topped €70 million, with EBIT at €1.1 million. Rentabiliweb is a socially responsible company in its sectors of activity, and rigorously applies the 10 principles laid out by the UN Global Compact. The Group is eligible for FCPI investment funds and was awarded the OSEO "Innovative company" kitemark.

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