Home Merger & Acquisitions Optimal Payments to Combine Digital Wallets Neteller and Skrill following Acquisition
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Optimal Payments to Combine Digital Wallets Neteller and Skrill following Acquisition

In late March Optimal Payments, the company behind the e-wallet Neteller, reached an agreement to acquire one of their primary competitors, Skrill, for €1.1 billion ($1.2 billion) in a reverse-takeover deal. Both companies offer digital wallets and payment services while both are also well known in Europe and in the online gaming and gambling markets.

Formed as Moneybookers in 2001 and later rebranded as Skrill more than a decade later, the London-based payment service provider offers a payment gateway service as well as an e-wallet and prepaid card consumers can use both on- and offline. The company reports there are over 36 million consumer accounts and more than 156,000 businesses using their services. They facilitate payments in 200 countries, across 40 currencies and over 100 local payment methods.

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