Skrill revenues up 29%

No primary category set

Payment service Skrill, formerly known as Moneybookers, has posted strong results for the first two quarters of 2012.

Revenues are up 29.1% on the same period last year. Skrill also reports that it has over 30 million users globally and 135,000 merchants offer the service. Geographical expansion has also helped fuel growth, with gaming in the USA being a key new market.

The CEO of Skrill Siegfried Heimgaertner said “These figures illustrate how basing our approach on security and simplicity on a global scale, combined with continued product innovation, is accelerating our mission to become the first choice for online payments.”

“Moving forward, we will continue to invest in new technology, capitalising on the growing importance of the mobile payment market, which can already be seen with Skrill 1-Tap, offering consumers instant payments with just one tap across all devices. We have also recently made some strategic acquisitions to expand our product offering. These acquisitions, along with developing our partnerships within the payment sector, will help to ensure that Skrill continues to go from strength to strength.”

RELATED POSTS..

Marketplacer powers Tesco Online Marketplace

Marketplacer powers Tesco Online Marketplace

Strategic planning essential to navigate Q4 air cargo challenges

Strategic planning essential to navigate Q4 air cargo challenges

InPost celebrates 100th One Stop Parcel Locker Location

InPost celebrates 100th One Stop Parcel Locker Location

Alibaba AI Toolkit used by Half a Million Merchants

Alibaba AI Toolkit used by Half a Million Merchants

The Felix Project to redistribute 400,000 Amazon donations

The Felix Project to redistribute 400,000 Amazon donations

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars