By Rhett PardonFriday, Nov 28, 2014Text size: LONDON — Digital payments company Ukash has been acquired by the Skrill Group, another London-based payments company that operates the Skrill and paysafecards brands.Ukash, which is authorized and regulated by the U.K.’s Financial Conduct Authority and processes payments for from some adult websites, now will be part of Skrill’s growing network.Ukash and paysafecards both employ an electronic money system that allows users to exchange their cash for a secure code to make payments online.Skrill has more than 13 years’ experience of enabling digital payments in Europe and has been building its presence in U.S. over the last year. It acquired paysafecards last year.Also last year, Skrill announced that it had been approved by the …
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Ukash Acquired by the Skrill Group
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