LONDON, January 15 /PRNewswire/ --

- Martin Ott Leaves Jamster for Europe's Largest Online Payment Provider

Moneybookers, Europe's largest online payment system, is today announcing
the appointment of Martin Ott as Managing Director. The company, which
provides domestic payment options in more than 35 countries and customer
service in 12 languages, has made the strategic hire to support its
aggressive targets for growth within the e-commerce industry and the
development of its local services.

Ott will be working alongside Dr. Nikolai Riesenkampff, who has been
managing the company since May 2005. In his new position Ott will be
responsible for e-commerce, marketing, product and service operations.

Previously, Ott played a pivotal role as COO at Jamster / Jamba (a News
Corp./ Verisign company), in growing the company to the leading international
provider of digital entertainment which offers a variety of content services
for mobile phones. In his role at Jamster, Ott developed and led the
worldwide country operations in almost 40 countries as well as the marketing,
production, content and licensing divisions. Ott studied business
administration at the WHU - Beisheim School of Management in Koblenz,
Germany, as well as in Tokyo and Moscow. Before his role at Jamba, Ott was
CEO for Tokyo based web portal Eken K.K.

"With the appointment of Martin Ott we have won a Managing Director with
proven management abilities", comments Dr. Thomas Middelhoff, Chairman of the
Board at Moneybookers. "We're very much looking forward to working together
for years to come."

Ott will be responsible for further growing the e-commerce business,
making its payment systems even more secure and more easy to use for
Moneybookers' clients as well as driving innovation to make Moneybookers the
leading provider for internet transactions worldwide. Over 4 million
customers already have online accounts with Moneybookers and this number is
growing fast. Every day, Moneybookers welcomes more than 4,000 costumers as
new owners of its electronic wallet, which provides convenience and enhanced
security for online shopping, real-time payments and transactions.

Moneybookers achieved record growth 2007, primarily driven by new
e-commerce merchant integrations. As executive director of the e-commerce
business unit, it will also be Ott's objective to win additional global
e-commerce brands, as well as smaller e-tailers, as clients.

Dr. Nikolai Riesenkampff, Managing Director at Moneybookers, welcomed his
new partner: "With Martin Ott we have won an experienced executive with a
background in distribution and marketing. Jointly we will develop our
activities in the e-commerce industry and make Moneybookers one of the
biggest worldwide names in secure online payments. It is great to have him on
the Board."

About Moneybookers

Moneybookers Ltd. (http://www.moneybookers.com) is Europe's largest
online payment system offering domestic payment options in more than 35
countries and customer service in 12 languages. With over 4 million account
holders, Moneybookers is one of the largest e-wallets worldwide. Moneybookers
enables any business or consumer to securely and cost-effectively send and
receive payments online, simply by using an email address. In 2007, more than
7,000 merchants used Moneybookers' gateway product, among them global
e-commerce brands such as Skype, Foto.com, and QXL ricardo. Dr. Thomas
Middelhoff serves as the Chairman of the Board. Moneybookers was founded in
2001 in London and is regulated by the Financial Services Authority of the
United Kingdom (FSA).