- New Director Global Transfer Will Advance P2P Business

- Online Payment Provider Enables Simple and Secure Money TransfersWorldwide

As Moneybookers' Director Global Money Transfer, Felix Leuschner will beresponsible for advancing the growth of its peer-to-peer (P2P) money transferbusiness. While over half of Moneybookers' five million account holdersalready use its payment system for email-based remittances, the company islooking to aggressively expand growth in the volume of annual transactions.

Moneybookers comprehensive payment network combines unlimited, digitalmoney transfer with the ability to upload or withdraw funds in or out of aneWallet account via over 50 payment options and in more than 200 countries.Moneybookers will be further leveraging its unrivalled network of localpayment options to develop its peer-to-peer business worldwide - with theobjective of assuming a leading role in the global money transfer business.

Martin Ott, Co-CEO of Moneybookers: "We are very happy to have foundFelix Leuschner to expand our increasingly important peer-to-peer business.With the steer of Leuschner, Moneybookers will benefit from his invaluableexperiences in e-commerce and investment banking. Leuschner's function willbe to expand our secure money transfer business with the long term goal ofreaching market leadership," says Ott.

Prior to his new role at Moneybookers, Felix Leuschner was the founderand CO-CEO of a successful virtual goods marketplace for online gaming, whichhe successfully divested only twelve months after setting up. He holds abusiness degree from Beisheim School of Management in Vallendar, Germany, andalso at Harvard, Copenhagen Business School and UCL in Brussels. Previously,Leuschner also gained experience in the financial sector at JP Morgan andCredit Suisse First Boston (CSFB) in London.

"The area of money transfers is one of the most attractive sectors in acontinuously growing ecommerce sector," comments Felix Leuschner. "The globalremittance market alone has an annual volume of USD 350 billion so I'm verymuch looking forward to making the P2P business the second foothold ofMoneybookers - a company that has rapidly established itself as one of theleaders in online payments."

About Moneybookers: Moneybookers' worldwide payment network combinesunlimited, digital money transfer with over 50 payment options in more than200 countries. The company provides all the relevant payment methods of eachof respective country from one single source - etailers and shop providerscan process all payments directly and cost-effectively with only oneintegration. Moneybookers' eWallet solution enables over 5 million accountholders to conveniently and securely pay online as well as send and receivemoney transfers worldwide and cost-effectively in real-time, simply by usingan email address. More than 20,000 merchants use Moneybookers' gatewayproduct, among them global brands such as Skype or AOL as well as successfulInternet startups such as mymuesli.com. Moneybookers was founded in 2001 inLondon and has been regulated by the Financial Service Authority of theUnited Kingdom (FSA) since 2003. Dr. Thomas Middelhoff serves as the Chairmanof the Board. For more information: http://www.moneybookers.com.

For more information please contact Toby Walsh at Rhubarb PR on+44(0)777-337-4545

SOURCE Moneybookers Ltd