Home > News > Ukash Acquired by the Skrill Group • Bookmark   • Newsletters   • Register Search Options


Ukash Acquired by the Skrill Group

Ukash Acquired by the Skrill Group
Get XBIZ News
Nov 28, 2014 12:15 PM PST    Text size: 

LONDON — Digital payments company Ukash has been acquired by the Skrill Group, another London-based payments company that operates the Skrill and paysafecards brands.

Ukash, which is authorized and regulated by the U.K.'s Financial Conduct Authority and processes payments for from some adult websites, now will be part of Skrill's growing network.

Ukash and paysafecards both employ an electronic money system that allows users to exchange their cash for a secure code to make payments online.

Skrill has more than 13 years’ experience of enabling digital payments in Europe and has been building its presence in U.S. over the last year. It acquired paysafecards last year.

Also last year, Skrill announced that it had been approved by the New Jersey Division of Gaming Enforcement and was the first company to offer a digital wallet for regulated gambling in the state of New Jersey. It got its start as MoneyBookers.com but rebranded as Skrill Group in 2011.

David Sear, who will become CEO of Skrill Group in January, said: “The acquisition of Ukash will significantly extend our reach in the high-growth prepayment 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.”

Terms of the acquisition were not disclosed.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !


NMG’s Megan Stokes Helps Brands Find New Revenue

NMG Management, which helps adult companies find new ways to increase revenue and brand exposure, has some of the industry’s most prominent studios listed as clients. From MetArt to Holly Randall... More »

Cam World: Chaturbate’s Ramona Flour Cultivates Community

Wreathed in a scarlet mane of silky flames, Ramona Flour is a mesmerizing Renaissance woman, her painterly figure gorgeously inked and her savvy intellect sharpened to a witty edge. Artistry pours forth... More »

Cam World: TheaForYou Hypnotizes Audiences on Stripchat

TheaForYou is an exotic mirage of heavenly dreams, dancing through streaming lights whenever she graces the web-cam on Stripchat. Shimmering golden hair crowns her adorable eyes like solar rays spun from... More »
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.

Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.


XBIZ.net Paysite Meetup

May 04 - May 04
Prague, Czech Republic

Eurowebtainment 2017

May 17 - May 20
Majorca, Spain

XBIZ Retreat

May 30 - Jun 03
Miami, Florida

XBIZ Miami 2017

May 30 - Jun 02
Miami, Florida
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!