Moneybookers was founded in 2001 as an e-commerce business for the purposes of transferring funds across the Internet, including to online gambling sites. In March 2007 Moneybookers was bought by Investcorp Technology Partners. Today Moneybookers operates in all countries and has over 7 million account holders. Moneybookers carries out financial transactions in almost 30 currencies and offers local payments in more than 30 countries. Though the general procedure of using Moneybookers is common throughout the world, there are local variations depending on national requirements. Moneybookers is registered in the United Kingdom and is regulated by the Financial Services Authority.