Payment Observer

The Latest News, Industry Insights and Research Findings on Global Payment Markets

28Jun/12

Skrill Acquires Paysafecard for €140M

By Martin Schuppelius

Payment Observer industry spotlight includes small business solutions providers. Learn more on their website.

Skrill (formally known as Moneybookers), one of Europe’s largest online payment service and digital providers, today announced to take over prepaid voucher provider paysafecard. The total consideration for the acquisition is up to €140 million – this makes it Skrill’s biggest acquisition to date.

Paysafecard was founded in 2000 in Austria and Germany and has established as one of leading provider for prepaid payment solutions in Europe. Paysafecard provides a prepaid electronic payment method for online purchases. The service is available in 31 countries worldwide and available at more than 450,000 outlets across Europe and America.

The combined group will have more than 27 million end-users and almost 130,000 merchant clients. Siegfried Heimgaertner, Skrill CEO, commented: “This acquisition will add significant scale to the Skrill Group in terms of payment volume, customers and merchants and will increase our overall market share. The combined entity will offer a unique proposition in the payments market combining our leading digital wallet with the sophisticated POS and cash network of paysafecard.”

24Jan/12

Skrill Launches One Tap Mobile Payment Service

By Martin Schuppelius

Payment Observer featured company can be found here at this website.

Online payment service provider Skrill has launched a new product: Skrill 1-Tap. It enables merchants to offer customers the opportunity to pay in “one tap”, rather than having to re-enter login details or credit card information. In addition, the company has extended its Quick Checkout Enterprise payment suite by introducing a HTML5 payment gateway specifically targeted at mobile devices.

Skrill (formerly Moneybookers) is one of the largest online payments systems and digital wallet providers with over twenty million customers worldwide and more than 100,000 merchants. The digital wallet service allows customers to make online payments without revealing personal financial information to the merchant. When customers pay via Skrill for the first time, they have to provide their payment details as usual. Once complete, they will then be given the option to enable the Skrill 1-Tap feature for future purchases with that specific merchant. Furthermore the company has rolled out a HTML5 mobile payments gateway. The gateway will automatically resize so that it is optimized for viewing on any smartphone or tablet device.

The new services are designed to make m-commerce more convenient and give customers a seamless mobile shopping experience. “With new the smartphone revolution, m-commerce has finally the potential to really take off,” said Martin Ott, co-CEO at Skrill. “But the truth is that, for many on-the-go consumers, the idea of using their mobile to enter payment information appears difficult and time-consuming. Skrill 1-Tap changes all this by offering a quick and easy way to mobile payments.”

9Sep/11

Skrill übernimmt payolution

By PaymentObserver

Find a small business friendly solution provider that we see as a highly rated service provider.

Skrill, der Betreiber des online-Zahlungsdienstes Moneybookers, erwirbt für eine ungenannte Summe 100% der Anteile am österreichische Startup payolution. Durch die Übernahme des erst vor wenigen Monaten gestartete Unternehmens erweitert Skrill sein Portfolio um Rechnungskauf und Ratenzahlung. Zudem bietet paysolution ein „Social Risk Engine“ genanntes System, das Händlern die Identität und/oder Bonität eines Neukunden aufgrund von öffentlich verfügbaren  Daten seiner online-Präsenz übermittelt.

„Die Übernahme ist eine logische Weiterführung unseres Konzepts, Händlern ein perfektes Bezahlsystem aus einer Hand anbieten zu können“, so Dr. Nikolai Riesenkampff, Skrill Co-CEO. „Mit der Erweiterung unserer Bezahl- und Sicherheitsoptionen mit den Produkten von payolution können wir unsere innovativen Services ausbauen. Damit werden wir einmal mehr wettbewerbsfähiger.“

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