Ukash Skrill to acquire UK pre-paid cash voucher provider
According to a Skrill spokesman, the addition of Ukash to the group will augment the operations of subsidiary Paysafecard, which is the pre-paid unit for Skrill acquired last year for Euro 140 million.
“The acquisition of Ukash will significantly extend our reach in the high-growth pre-payment market. We are proud to support both consumers and online businesses with the world’s largest online cash replacement payment method and look forward to serving a combined base of millions of consumers around the world,”David Sear, the newly-appointed CEO at Skrill, said.
Paysafecard chief executive Udo Müller said he looked forward to the market influence that the combination of two key pre-paid technologies would generate with strong synergies, and the boost to the customer base that this would bring.
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