Skrill completes acquisition of paysafecard.com Wertkarten AG

London, 8th February 2013– The closing of the acquisition by Skrill of paysafecard.com Wertkarten AG, the Austrian prepaid payments business, was completed on 08/02/2013. Skrill is majority owned by Investcorp Technology Partners.

As the European market leader in prepaid online payment, the acquisition of paysafecard represents a hugely significant step forward for Skrill, expanding its position as one of the world’s largest digital wallet providers. paysafecard’s products allow payments without a credit card or bank account at more than 4,000 online stores and more than 450,000 sales outlets in 33 countries across Europe, North America and South America. In 2012, it processed more than 55 million transactions.

Skrill and paysafecard’s combined offering will deliver an end-to-end stored value payment solution, combining a secure prepaid product that complements Skrill’s existing payments service. paysafecard’s offline distribution network adds to Skrill’s already significant online network that boasts more than 100 payment options in 200 countries worldwide. The joining together of Skrill and paysafecard also opens up the business to new markets within underbanked

“For both sides this is a strategically important acquisition and we are pleased it is now finalised. paysafecard complements our current offering and strengthens our position in the key gaming and digital media markets verticals, establishing us as a provider of end-of-end transfer of stored value,” said Siegfried Heimgaertner, CEO of Skrill. “This is another significant step towards our long-term ambitions to become the first choice for online payments, helping
our end-customers and merchants to pay and get paid globally.”

Michael Mueller, CEO of paysafecard, said, “Having grown into a market leader for prepaid payments our consolidation with Skrill is a natural next step for the business, taking our products to a global network of merchants and consumers. We have great faith in Skrill’s entrepreneurial vision, and look forward to continuing to grow the business.”

About Skrill:

Skrill is one of Europe's largest online payments systems and among the world's largest independent digital wallet providers with 30 million account holders. The Skrill Digital Wallet enables any customer to make online payments intuitively and securely without revealing personal financial data, as well as send and receive money online cost-effectively. Skrill’s mission is to become the first choice for online payments. Skrill’s worldwide payment network offers businesses access to direct payment processing via 100 payment options in 200 countries and territories and 40 currencies, through just one integration. 135,000 merchants already choose to trust Skrill as a simple and global payment system. Allowing everyone to pay and get paid globally. Founded in 2001, Moneybookers Limited, now trading as “Skrill”, was the first emoney issuer to become authorised and regulated by the FSA. In 2007, Investcorp Technology Partners undertook the buyout of the company from its founders.
For more information, visit www.skrill.com.

About paysafecard:

paysafecard.com Wertkarten AG, founded in 2000 in Austria and Germany, has established itself as Europe’s leading provider for prepaid payment solutions. The paysafecard product is available in 33 countries worldwide and available at more than 450,000 outlets across Europe and America. In 2012 the company won the Paybefore Award for being the ‘Best Digital Currency’ and the Paybefore Award Europe for being the ‘Most Innovative Prepaid Solution’.
For more information, visit www.paysafecardgroup.com.

Media contact:

Media contact Skrill
EML Wildfire
Danny Whatmough / Ian McKee
Tel.: +44 208 408 8000

Media contact paysafecard
asoluto public + interactive relations
Robert Bauer
Makartgasse 3, 1010 Wien
Tel. +43 (0)1 533 36 53