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Skrill strengthens prepaid card business with Ukash acquisition

28th November 2014 10:49 am GMT

Payment processor Skrill Group has signed an agreement to acquire prepaid card solutions provider Ukash as it looks to boost the scale and reach of its existing prepay subsidiary paysafecard.

The terms of the acquisition have not been disclosed, with the deal subject to regulatory approval.

paysafecard chief executive Udo Müller commented that the acquisition would bring together two prepaid technologies with strong synergies, boosting its customer base.

“Ukash increases paysafecard’s global [...]

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