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Optimal Payments completes Skrill acquisition for €1.1bn

Optimal Payments completes Skrill acquisition for €1.1bn

Global payment processor Optimal Payments has completed its acquisition of e-commerce and e-money solution provider Skrill Group for €1.1 billion.

Skrill logo

Optimal Payments has completed its acquisition of Skrill

The acquisition will create a payment and e-wallet provider with significant international scale and reach, and a product portfolio that includes Skrill, paysafecard, Payolution, NETELLER, Net+ NETBANX and FANS Entertainment.

The combined business is positioned in the straight-through processing payment gateway services area, and the NETELLER and Skrill brands will enable the company to become a global e-wallet provider. In addition, the prepaid e-voucher paysafecard, sold at 480,000 locations in 40 countries, will provide access to one of the largest cash funding networks, globally.

Joel Leonoff, president and CEO of Optimal Payments, said: “The acquisition of the Skrill Group creates a global fintech champion in the fast growing digital payments space that is of sufficient scale for us to now seek a main market listing and FTSE250 inclusion as soon as possible.”

The post Optimal Payments completes Skrill acquisition for €1.1bn appeared first on Payments Cards & Mobile.

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