MoneyBookers Limited was established in the UK in 2001 as subsidiary of Investcorp Technology Partners. The company launched Moneybookers as an inexpensive online e-commerce payment system, which was one of the early pioneers in the developing field of digital wallets. Moneybookers still offers more or less the same highly private and secure system, consisting of an Internet based deposit account where money can be deposited, received and stored, and from which payments for Internet purchases may be made. Although it continues to offer the same service, Moneybookers is currently in the final stages of rebranding as Skrill, revamped and improved.
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