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EU: Skrill bought by rival payments provider €1.1 billion

By  |  March 24, 2015

Optimal Payments the group behind the popular NETELLER payment solution, has just revealed it would buy rival Skrill Group for a sum of about €1.1 billion in order to expand its online services.

Skrill is one of the largest online pre-paid cards providers in Europe with its paysafecard brand. Its shareholders include CVC Capital’s Sentinel Group Holdings SA, Investcorp Technology Partners and others. Back in August 2013, CVC acquired a controlling stake in Skrill for €600 million from Bahrain-based Investcorp.

Both payments solutions, NETELLER and Skrill, are very popular among international brokers as they offer a convenient way to get client deposits in regions that are otherwise restrictive. It remains to be seen if Skrill is preserved as a separate brand or if it is completely engulfed by the NETELLER brand.

 

Full Content: The Financial Times

 

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