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Summary
location iconLondon, United Kingdom
company sizeCompany size: 1001-5000

Skrill provides a digital payments solution to consumers and businesses designed to make payments easier by allowing users to utitlize all their payment options together in one place to send and receive money more conveniently in nearly 200 countries and 40 currencies globally. In August 2015, Optimal Payments acquired Skrill Group, creating the Paysafe Group. Paysafe Group is a global provider of payment solutions.

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Digital Services
ServicesPayments
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Skrill - Recent News & Articles

Klarna uses AI to reduce employee numbers

Finance and payments company Klarna says it has reduced hundreds of jobs and sees more reductions coming due to its implementation of AI. The Swedish ...

Mastercard to Cut 3% of Workforce Amid Previously Announced Reorganization

Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this year. M...

Source: PYMNTS
One Year Since the FedNow Launch: What You Should Know

Launched in July 2023, the Federal Reserve's FedNow service has been a game-changer in the U.S. payments landscape. With over 900 financial institutio...

Source: Finextra
Apple kills off its buy-now-pay-later service barely a year after launch

Apple is discontinuing its buy-now-pay-later service, known as Apple Pay Later, barely a year after its initial launch in the U.S., and will rely on c...

Source: MarketWatch
CFPB says buy now, pay later firms must comply with U.S. credit card laws

The Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry have the same federal prot...

Source: CNBC
Fed courts nonbanks for FedNow growth

The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow. The...

How FedNow is Shaping Payments Since its Groundbreaking Launch

In the six months following its groundbreaking launch in July 2023, FedNow has emerged as a transformative force in real-time payments, marking a sign...

Source: Finextra
Hindenburg’s latest short target Temenos rejects allegations as share price tumbles

Temenos shares were down over 6% on Friday after closing over 28% lower on Thursday. The Swiss software company said its board of directors “fundament...

Source: CNBC
Brex axes 20% of staff

Corporate spend management giant Brex has laid off 282 people (20% of its workforce) and revealed that its COO and CTO are leaving their roles.In a me...

Source: Finextra
Worldline shares halve on depressed outloook

Shares in payment service provider Worldline slipped by more than half after the vendor warned of a deteriorating outlook for sales and the terminatio...

Source: Finextra