LONDON, June 12 /PRNewswire/ --

- Moneybookers Offers Secure and Instant Money Transfers Worldwide and at
Very low Cost

For many teenagers, going abroad for the first time as an au-pair or
high school exchange student is a big dream, but for their parents it is more
like a scary nightmare - especially in terms of money. Cash, credit cards and
travellers cheques all come with their own risks and replacing them can become
a tedious and expensive process.

Moneybookers, one of the world's fastest growing online
payment systems, has a simple solution. Using its online payment service,
money can be transferred quickly and easily to anyone with an email address,
no matter where this person is currently located. Even if the designated
recipient does not own a Moneybookers account, the transfer will be carried
through. In this case, the recipient gets a notice with instructions for
setting up a free account and claiming the payment. As soon as the virtual
account is set-up the recipient can access the money wherever they may be.

"Whether you're running out of cash while traveling through
Brazil or you're ordering a suit from a tailor in Hong Kong, Moneybookers
provides real time money transfers with minimal fees," comments Dr. Nikolai
Riesenkampff, Co-CEO at Moneybookers.

Unlike other money transfer services, Moneybookers offers very
low fees and a very transparent fee structure. Getting registered, managing
your account and receiving money is totally free of charge with Moneybookers.
For money transactions between two account holders, the sender pays only 1
per cent of the transferred amount or just 40 pence - whichever rate is
cheaper.

Moneybookers' extensive payment network combines limitless
money transfer with local payment options in more than 40 countries enabling
its customers to send and receive money instantly from and to anywhere in the
world.

"Already, 5 million account holders from around the globe benefit from
our safe and convenient e-mail transaction service, and we welcome 9000 new
customers per day. In fact, Moneybookers is already processing 10 million
euros per day," adds Riesenkampff.

About Moneybookers

Moneybookers Ltd. (http://www.moneybookers.com) is one of Europe's
largest online payment systems offering domestic payment options in 40
countries and customer service in 12 languages. With almost 5 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. More than 10,000
merchants use Moneybookers' gateway product, among them global ecommerce
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).