- Chairman Dr. Thomas Middelhoff Impressed by 2007 Performance
- Strategy for 2008: Expansion in Additional Markets and Product Innovations
London, December 18, 2007 – Moneybookers, one of Europe’s largest online payment systems, is looking back to its most successful year in history. Almost 4 million customers now have an online account at Moneybookers. Every day, Moneybookers welcomes more than 4,000 customers as new owners of the electronic wallet which provides convenience, enhanced security for online shopping and real-time payments and transactions. The record growth was driven primarily by new ecommerce merchant integrations.
Chairman Dr. Thomas Middelhoff is delighted by the progress that Moneybookers has made. “Revenues and profits will more than double this year,” he comments on its growing success. “The transaction volume processed by Moneybookers reached EUR1.5 billion this year and is rapidly growing every single month.”
Dr. Nikolai Riesenkampff, co-CEO of Moneybookers, commented, “We want to thank all our business partners, and in particular our account holders for using our products and recommending us to friends.”
2007 was in every sense an outstanding year for Moneybookers. In March, Moneybookers launched a brand-new website globally. In the same month, Investcorp Technology Partners undertook a successful buyout of Moneybookers for EUR105 million. In May, Dr. Thomas Middelhoff, one of the most acknowledged European business leaders and CEO of Arcandor AG (formerly Karstadt Quelle AG), was appointed as Chairman of the Board. Towards the end of the year, the company moved to larger headquarters in Central London to accommodate its rapid growth. New local payment methods were constantly added, bringing the total number of available payment options worldwide to more than 50 in over 35 countries. Likewise, innovative new features like “Split Gateway” (individual payment options as a one-stop solution) or “Fast Registration” (lightning-fast registration for all payment options directly at merchant’s checkout) contributed to its growth.
Fuelled by new strategic partnerships with leading online shopping enablers like ePages, SmartStore, DataLink/Holbi, and Afterbuy, the number of active merchants more than doubled in 2007 to over 7,000. For 2008, the targets are again ambitious. “We will surprise the markets with innovative new payment solutions, and provide online buyers with an easier and more secure shopping experience than ever before,” promised Riesenkampff.