Ukash’s CEO David Hunter Steps Down Following Skrill Acquisition

Ukash’s Chief Executive Office (CEO), David Hunter has relinquished his role and stepped down, following the company’s Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term by Skrill Group, according to a Ukash statement.

Last week, Skrill completed its acquisition of Ukash, a UK-based electronic money system and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term provider, which capped a deal that had been nearly five months in the making.

Mr. Hunter’s departure from Ukash snaps a five-year stint as CEO, having originally ascended to the role in early 2010. He is slated to take up a number of non-executive positions at a variety of related businesses.

Prior to joining Ukash in 2010, Mr. Hunter served in a number of executive roles at paysafecard.com, ClickandBuy Europe, and BTClickandBuy, dating back to 2002.

According to David Sear, CEO of Skrill in a recent statement on the departure, “this is an exciting acquisition that will considerably extend our reach in the high-growth prepayment market, enabling us to support consumers and online businesses alike with the world’s largest online cash replacement payment method.”

“I’d like to thank David Hunter, who has been instrumental in the growth of Ukash. As we move towards our combination with Optimal Payments, paysafecard will continue to be a key part of our strategy and of our offering to our customers,” he added.