Skrill Looking To Capitalize On Developing US Market
We reported back last month on the UK based firm Skrill which is a leading digital online payment solutions provider in over 200 countries globally and boasting over 36 million account holders. In a sign of investor confidence CVC Capital acquired a majority stake in them for £600 million.
With momentum on their side, Skrill are looking to expand further in the US where online gambling is opening up. They announced the appointment of Joe Hall as vice president for sales. Hall will now report directly to the CEO of Skrill USA Neil Steinhardt.
Like so many other online and gambling related industries, the US market is attracting investment and partnerships as they move steadily towards widespread legal gambling in one form or another. Skrill already have a foothold in New Jersey which is set to open business in November with their approval from the Department of Gaming Enforcement.
Skrill CEO Siegfried Heimgaertner believes they are on track to expand and grow in the US market,” Our market position means we’re best-placed to take advantage of the positively changing online gambling landscape in the USA, which is great news for our customers. It’s another commitment to our mission; to help merchants and customers pay and get paid globally, as seamlessly, quickly and cheaply as possible, while complying with all relevant laws and legislation.”
Skrill are definitely one of those companies to watch as they are giving their rivals PayPal some stiff competition in the highly competitive online payment business which is constantly growing.