Online games and new markets bolster web payment firm Skrill

EXPANSION into the US led online payments provider Skrill to a 29 per cent year-on-year rise in revenue in the first half of 2012, the company said yesterday.

Skrill, formerly known as Moneybookers, said 30m people had signed up for customer accounts – double the number reported 18 months ago. The secure payments company, which rivals web giant PayPal, said movements into online gaming and an increased presence in the US had led to the change.

The company prides itself on security, and has become the choice of many online poker websites as a result.

“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,” Siegfried Heimgaertner, the firm’s chief executive, said.

Heimgaertner, who pulled a flotation in April last year due to “adverse market conditions”, said the company was focusing on the fast-growing mobile payments market.