Published Articles
Moneybookers Sales Are Up, Profits Doubled Over Last Year
LONDON, January 5 /PRNewswire/ — Moneybookers, one of Europe’s largest online payments systems, today announces its financial results for the year ended 31 December 2008.
- EBITDA run rate up 100% to EUR26m
- Total number of account holders up 55% to 6.2m
- Strong growth in ecommerce: transaction volumes up over 300%; over
30,000 partners including global brands such as Skype, AOL and Ricardo.
- Total transaction volume run rate reached EUR3bn
- Over 9,000 customers signing up for an account every day: up over 130% compared to December 2007
During 2008, Moneybookers achieved strong growth across all areas of the business as merchants and consumers continued to realise the benefits of the Moneybookers system. This is reflected in the number of online merchants offering the Moneybookers payment system rising to a record of over 30,000.
The rapid growth in 2008 has been driven by the ever increasing need for guaranteed protection against online fraud. Moneybookers offers market-leading security and operates a no chargeback policy which gives reassurance for both merchant and consumer.
During the year, Moneybookers also expanded its worldwide reach to offer over 60 local payment options in more than 200 countries, up from 35 in 2007. As a result, some of Europe’s leading brands partnered with Moneybookers to offer its payment system on their web stores, including AOL, MTV, Direct Ferries and ChannelAdvisor.
Over six million people now hold a Moneybookers eWallet account, up from the four million reported at the end of 2007. Over 9,000 customers sign up for an account every day – an increase of over 130% compared to December of last year. Moneybookers’ customers use their eWallet to send and receive money transfers cost-effectively in real-time. 2008 has seen a tremendous increase in customers turning to eWallets as their preferred way to pay for goods online. With a Moneybookers eWallet they can buy goods easily and securely, simply by using their email address, without needing to give out sensitive credit card or bank data.
Nikolai Riesenkampff, co-CEO of Moneybookers, commented:
“We are extremely pleased to be able to report another record year for Moneybookers, and especially one in which our growth rate has accelerated to record levels allowing us to double the business. Building on the firm foundations we have laid, we are confident of extending our strong growth into 2009.”
Martin Ott, co-CEO of Moneybookers, said:
“As the online retail market continues to mature, issues of security and fraud will mean that the benefits of the Moneybookers eWallet system become ever more prominent. There are significant opportunities open to us in 2009 which we look forward to reporting on in due course.”
About Moneybookers:
Moneybookers is one of Europe’s largest online payments systems and one of the world’s largest eWallet providers with over six million account holders. Its simple eWallet enables any customer to pay online easily and securely without giving out bank data and to send and receive money transfers cost-effectively in real-time, simply by using an email address. Its worldwide payment network offers businesses access to over 60 payment options in more than 200 countries with one integration. More than 30,000 merchants use Moneybookers’ payments service, including global partners such as Skype and AOL.
Moneybookers was founded in 2001 in London and is regulated by the Financial Services Authority of the United Kingdom. In March 2007, Investcorp Technology Partners, the private equity business, took a majority stake in the company for EUR105 million.
For more information, see: http://www.moneybookers.com.
