• A date for your diary: Ukash becomes paysafecard August 31st

    ukash paysafecardRecently we covered how Ukash had been acquired by the Skrill Group. More details are now emerging of how and when the takeover will manifest. The important dates for your diary if you’re a user of these services are the August 31 and October 31. Ukash vouchers will only be available in the United Kingdom until the 31st of August 2015, while any unused Ukash vouchers will be valid until the 31st of October.

  • Skrill acquires Ukash, Optimal Payments acquires Skrill

    skrillThere are plenty of mergers and acquisitions in online payment companies at the moment. It’s a testimony to the burgeoning market. Skrill, based in the UK was acquired by CVC Capital Partners in 2013 for €600 million.

    That’s an increase of 600% from 2007 when Skrill, at that time called Moneybookers, was bought for €105 million. However in March this year Optimal Payments, the parent company of Neteller who are a big rival of Skrill, announced their official proposal to acquire the Skrill Group for €1.1 billion.