Membership growing rapidly, deposits increasing and business volumes up

The online payment facility Moneybookers has released an end-of year 2009 trading statement revealing that it has achieved several milestones including a dramatic surge in customers and eCommerce volume.

In addition, Moneybookers has signed partnerships with big brand names including eBay.com, Skype and Thomas Cook. These achievements make Moneybookers one of the most successful global payment companies and also one of the fastest growing IT companies in Europe, a company spokesperson claimed this week.

Co-chief executives Martin Ott and Nikolai Riesenkampff detailed the company's achievements in the update, pointing out that the company has:

* Signed up its 10 millionth customer to its eWallet (64 percent growth year-on-year)

* Has experienced a surge in eCommerce volume of 120 percent

* Witnessed doubling of deposits in customer accounts

* Increased staff headcount by over 150 to 400

* Extended online merchant base from 35 000 to 60 000 including major names such as eBay.com, Playfish, Skype and Thomas Cook

* Is the sixth fastest growing UK technology company

While the overall industry has been struggling, Moneybookers has continued to outperform the market. Its eCommerce transaction volume surged by 120 percent compared to a global trend in overall online transaction volume of only 15 percent growth (IDC 2007).

Merchants and customers alike have benefited from Moneybookers' competitive offering which includes a fully integrated worldwide banking network, with over 80 local payment options in more than 200 countries, all with low transaction fees. In addition, Moneybookers has market-leading security and risk management expertise, which protects customers' personal data and offers merchants charge-back protection.

Moneybookers has been voted one of the most successful global payment companies and also one of the fastest growing IT companies in Europe. This was recently recognised at the 2009 Media Momentum Awards, where Moneybookers won the Best Execution and Judges' awards. In addition, the influential Sunday Times Microsoft Tech Track 100 league table ranked Moneybookers as the sixth fastest growing technology company.

Martin Ott, co-chief executive, said: "We are delighted that our eWallet is now being used by over 10 million customers. Its convenience and ease of use makes it extremely popular and more than 13,000 new customers are signing up for an account every day. In addition, customers are making more use of their eWallet with deposits doubling since the start of the year. Merchants are benefiting from this with a substantial increase in customer conversion rates.

"Moneybookers continues to go from strength to strength and we are confident of building on this momentum into 2010."

Nikolai Riesenkampff, co-chief executive, added: "The absolute simplicity of the eWallet makes it very attractive to customers. But this also comes with industry-leading security and fraud prevention measures. Instead of entering credit card details for each transaction, our customers need only input their details once and they can then manage their account with an email and password. Merchants can also feel secure with our charge-back protection.

"This is a key driver of our growth and will help us continue to provide an optimum service to both merchants and customers."

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