Ivobank, an online banking service specialising in online payments and money transfer services, has launched its product offering in more countries across Europe.

Offering faster and cheaper cross-border and online payments, Ivobank is now available in France, Italy and Germany as well as the initial launch countries (UK, Spain, Ireland and Canada).

Launching in more countries means that even more online bankers, gamers and shoppers throughout Europe can take advantage of the benefits offered by an Ivobank account.

Through the Ivobank service customers can take advantage of secure and fast online payments, 24/7 customer support via telephone, online live chat and secure email, and competitive rates of interest on deposits held (up to 4.5 per cent AER).

Timothy Sawyer, managing director of Ivobank, said: "More businesses and people are now choosing to bank online, make payments and transfer money on the internet. Following our successful launch in the UK, Ireland, Spain and Canada, we are looking forward to opening up our rapid payments service to more customers across Europe and plan to introduce our service to even more European countries shortly."