MICHAEL MUELLER STEPS DOWN AS CEO OF PAYSAFECARD

 Michael Mueller, co-founder and, for the last nine years, CEO of paysafecard group, has reached the decision to leave the board of the company at the end of February 2014. Udo Mueller will take over the position of CEO.

Michael Mueller co-founded paysafecard group in 2000, with the aim of developing a safe and convenient prepaid method of payment for the Internet. The group, headquartered in Austria, became one of only a few leading internet and financial services companies globally, combining innovation with sustainable economic success. The company, whose main product, paysafecard, is available at 450,000 locations in 37 countries, currently employs approximately 200 employees and was acquired by the Skrill Group in 2013.

Michael Mueller comments on his decision: “After 14 years of building and developing the company, my decision to leave paysafecard has not been an easy one. Currently, we enable one billion people worldwide to pay online without a credit card or bank account. The company is now entering a new chapter in its history, at a time where continued growth in online payments and new technologies are having a profound impact on what businesses and consumers require when it comes to online transactions.

paysafecard will continue with its plans to expand in 2014, both in terms of geographical market development as well as in relation to product portfolio.

Siegfried Heimgaertner, CEO of Skrill Group and chairman of the paysafecard group supervisory board concludes: ”The continuity on the board of paysafecard ensures that the company’s success story will continue, based on ongoing innovation and a deep understanding of the needs of both consumers and merchants. I am confident that paysafecard’s position as Europe’s most popular prepaid solution for transacting online will be expertly supported by a great product and a strong and experienced team.”

About paysafecard:

paysafecard.com Wertkarten AG (holding of paysafecard) – www.paysafecard.com – is based in Vienna with subsidiaries in London, Dusseldorf, Lucerne, New York, Mexico City and Buenos Aires, among other places. The company was founded in Austria and Germany in 2000 and is owned by the Skrill Group. The company is now present in 37 countries at over 450,000 sales outlets worldwide with its core product paysafecard. paysafecard is a prepaid online payment solution which anyone can use. No bank account or credit card is necessary. The paysafecard 16-digit PIN is all that’s needed to complete a payment transaction. paysafecard can be used at thousands of online shops. The company has become the European market leader in prepaid payment solutions with the brands: paysafecard, YUNA and Happy Schenkcard. In 2012, it was awarded Paybefore Awards in the categories of Best Digital Currency and Most Innovative Prepaid Solution. In 2013 it won the category Best Consumer Value.

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