- Signs up 10 millionth customer to its eWallet (64% growth year-on-year)
- Sees surge in eCommerce volume by 120%
- Witnesses doubling of deposits in customer accounts
- Increases staff headcount by over 150 to 400
- Extends online merchant base from 35,000 to 60,000 including major names such as eBay.com, Playfish, Skype and Thomas Cook
- 6th fastest growing technology company
Moneybookers has signed up the 10 millionth customer to its successful eWallet product, bolstering its position as one of Europe’s largest online payment solutions and one of the largest providers of eWallets worldwide.
In addition, individual customers are making increasing use of their eWallets, with the number of deposits doubling within the last 12 months.
This significant achievement follows an impressive year of growth for the company, resulting in an increase in staff headcount over the past twelve months from 249 to 400 employees.
While the overall industry has been struggling, Moneybookers has continued to outperform the market. Its eCommerce transaction volume surged by 120% compared to a global trend in overall online transaction volume of only 15% growth (IDC 2007). The company also widely extended its online merchant base from 35,000 to over 60,000 online shops which integrated its payment system, including eBay.com, Playfish and Thomas Cook.
Merchants and customers alike benefit from Moneybookers’ highly 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.
These facts make Moneybookers one of the most successful global payment companies and also one 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 benefitting 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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Notes to editors:
Moneybookers is one of Europe’s largest online payments systems and among the world’s leading eWallet providers with over ten million account holders. The simple eWallet enables any customer to make online payments conveniently and securely without revealing personal financial data, as well as to send and receive money transfers cost-effectively simply by using an email address. Moneybookers’ worldwide payment network offers businesses access to over 80 payment options in over 200 countries through just one integration. More than 60,000 merchants use Moneybookers’ payments service, including global partners such as eBay.com, Skype and Thomas Cook.
Moneybookers was founded in 2001 in London and is regulated by the Financial Services Authority of the United Kingdom.
In September 2009, The Sunday Times Microsoft Tech Track 100 league table ranked Moneybookers as the sixth fastest growing technology company in the UK based on sales growth. Moneybookers was also recognised for the quality of its management, international expansion and growth strategy with two awards at the 2009 UK Media Momentum Awards.
For more information, see www.moneybookers.com
You can also follow Moneybookers on Twitter at www.twitter.com/moneybookers