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Moneybookers names Felix Leuschner director, global money transfer

18 November 2008  |  2028 views  |  0 Source: Moneybookers

As Moneybookers' Director Global Money Transfer, Felix Leuschner will be responsible for advancing the growth of its peer-to-peer (P2P) money transfer business.

While over half of Moneybookers' five million account holders already use its payment system for email-based remittances, the company is looking to aggressively expand growth in the volume of annual transactions.

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

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

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

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

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