Neteller was created in 1999 in Canada and moved to the Isle of Man in 2004. Paysafe Group is listed as an "Authorised Electronic Money Institution". In 2015, Optimal Payments Plc (now Paysafe Group) finalized a transformational transaction for the global payments industry – the acquisition of Skrill Group, one of Europe’s largest online payments systems and among the world’s largest independent digital wallet providers.