21/04/11 -
Ukash wins Queen’s Award for Enterprise for outstanding achievement in International Trade
London 21 April 2011: HM The
Queen has awarded a Queen's Award for Enterprise to Ukash, the
Global eMoney Network, in the International Trade category.
The prestigious award recognises UK businesses that have
achieved substantial growth in overseas earnings and outstanding
levels of commercial success. Ukash, operating under the holding
name of Smart Voucher, was awarded as a result of its geographical
and financial growth.
In the past three years, Ukash has grown from operating in just
8 countries to over 50. Transaction volume and value have almost
doubled in each of the three years: an increase of over 300%, with
almost 70% of Ukash's earnings now coming from overseas. This
financial year has firmly established Ukash as a profitable
company, with further expansion achieved in both Europe and Latin
America.
The Queen's Award is given on the advice of the Prime Minister,
who is assisted by an Advisory Committee comprising key figures
from the Department for Business, Innovation and Skills, the
Cabinet and civil service. The judging panel considered
profitability, turnover, market share, performance and measures
taken to stimulate sales in relation to business targets.
Winners can benefit from the prestige associated with the award
by displaying the logo on marketing materials and online for five
years. Previous winners include BT Group plc, Dyson Ltd and
Betfair.
David Hunter, Chief Executive Officer of Ukash, explains:
"Winning the Queen's Award is a great achievement for Ukash as the
company has continued to grow from strength to strength over the
past few years. The Queen's Award is an acknowledgement of Ukash's
continuing global expansion and what we are most proud of: enabling
consumers all over the world to spend cash online simply and
safely. On behalf of the whole company, I would like to thank our
staff, partners and customers for their remarkable contribution to
making Ukash a success."
Ukash empowers people to use cash electronically, irrespective
of status, device or boundary, and is available at 420,000 retail
locations worldwide.
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