2008 became the most profitable year for Moneybookers

Today Moneybookers has announced its financial results for the year ended 31 December 2008.  
During 2008, Moneybookers achieved strong growth across all areas of the business as merchants and consumers continued to realize 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.

"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," said Nikolai Riesenkampff, co-CEO of Moneybookers.

"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," Martin Ott, co-CEO of Moneybookers.

Source: Moneybookers via PRNewswire