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In the year 2001, a subsidiary of Investcorp Technology Partners. The company promptly unveiled Moneybookers as an inexpensive online e-commerce payment mechanism, which was among the early pioneers in the expanding field of digital wallets. It quickly became popular. Moneybookers still presents more or less the same highly private and secure system, consisting of an Internet-oriented deposit account where funds can be deposited, received, and stored, and from which settlements for Internet purchases may be executed. Although it continues to deliver the same service, Moneybookers is currently in final phases of rebranding as Skrill, transformed and improved.
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