Online payment solutions provider, Skrill, has acquired a share in Cybits Holding AG for €985,000.
Through its subsidiary, Cybits AG, the company offers the only online age verification solution on the German market, which will be the focus of the combined Skrill and Cybits offer. Players will now be offered enhanced high-level payment safety and security procedures, allowing providers to focus on core operations.
Stefan Pattberg, CEO of Cybits Holdings, said: "With Skrill as a partner, we will be able to serve the market even better than we were able to previously, with the benefit of special knowledge, experience and existing customer relationships. We will provide solutions that are specifically customised to the German gambling market.”
Skrill’s Siegfried Heimgaertner said: "Our strategic partnership with Cybits provides a fully rounded service for online retailers, especially those in the German gambling market. This enables traders to easily implement a complete payment and security system quickly and easily."
