Skrill finalises acquisition of Ukash

Following a deal reached in November last year, online e-cash processor Skrill (formerly Moneybookers) has finalised the acquisition of virtual cash voucher provider Ukash.

In something of a corporate merry-go-round Skrill is itself about to be acquired by Neteller parent group Optimal Payments (see previous  reports).

Ukash CEO David Hunter is to step down after five years at the helm of Ukash, but said this week that the acquisition of Ukash would extend the scale and reach of Skrill’s Paysafecard, which will now be able to further expand digital payments across both established and emerging markets.

David Sear, CEO of Skrill Group, confirmed that the deal will extend his company’s reach.

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