It was announced on Thursday that Skrill will acquire Ukash, a UK pre-paid cash voucher provider, pending regulatory approval.
A spokesperson for Skrill said that Ukash will support the operations of subsidiary Paysafecard, which Skrill acquired in 2013 for Euro 140 million
David Sear, CEO at Skrill said, “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.”
Paysafecard chief executive Udo Müller said the influence of the two companies looks promising and he looks forward to an increased customer base.