Ukash Sale Complete

The sale of Ukash to Skrill Group was recently completed in early April. The acquisition was first announced in November of last year as it expands the reach of Skrill’s paysafecard which has been a popular payment method since 2000. The addition of Ukash in combination with paysafecard should give Skrill a big presence in the European digital payment market. The chief executive office at Ukash, David Hunter has stepped down following the sale.

Ukash is now available in over 55 countries and at more than 420,000 outlets worldwide. “Ukash is a shining example of British business. This is an exciting acquisition that will considerably extend our reach in the high-growth prepayment market, enabling us to support consumers and online businesses alike with the world's largest online cash replacement payment method. David Sear, chief executive officer of Skrill Group said, “I’d like to thank David Hunter, who has been instrumental in the growth of Ukash, which will be integrated with paysafecard. As we move towards our combination with Optimal Payments, paysafecard will continue to be a key part of our strategy and of our offering to our customers.”

Ukash codes can be obtained from retailers, kiosks, ATMs and online. The unique 19-digit Ukash code can be used immediately to pay for goods and services at online merchants and it can also be used to transfer money.