One of the major advantages that Ukash can bring to our online
partners is our ability to collect cash from consumers and convert
it into safe and secure digital 'emoney'. We've built relationships
with leading prepaid service providers and retailers around the
world to exchange cash for Ukash vouchers in over 420,000+
worldwide locations.
This is of increasing relevance in a sophisticated online
payments world and led to Ukash signing a deal with PayFast that
allows online consumers to use cash when shopping at
bidorbuy.co.za, Africa's largest online marketplace.
This partnership expands the payment options offered by PayFast
and gives the company the ability to process transactions from more
South African consumers.
"PayFast is a payment mechanism that is expanding fast in South
Africa," says Mark Chirnside, Chief Executive Officer of Ukash.
"The partnership will enable consumers to access some of South
Africa's top shopping websites, like bidorbuy.co.za, and make their
purchases safely and anonymously".
PayFast is a payment collection service for South Africa that
offers online consumers access to various payment methods. PayFast
is a built-in payment option on bidorbuy.co.za and PayFast already
offers Ukash by default to all their Premier and Business account
holders.
Ukash prepaid vouchers can be purchased at retail outlets around
South Africa. Once the voucher is purchased, consumers visit
bidorbuy.co.za and select the item they wish to purchase. They then
select PayFast as their payment option and are redirected to the
PayFast website where they enter their Ukash voucher code to
complete the purchase.
"The ability to accept vouchers from international buyers is an
advantage for our merchants and a great benefit to us and increases
our value proposition significantly", comments Jonathan Smit,
Managing Director of PayFast.
"I believe Ukash has great prospects in South Africa and we will
do our part to actively promote the use of Ukash such that we can
be one of the primary aggregators for them.We hope that this
partnership will speed the growth of both our companies while at
the same time being beneficial to the e-commerce landscape in South
Africa."
Ukash is now working with leading payment processors and PSPs
around the world to make online cash payments a reality for
merchants in all sectors and vastly increase their reach into the
population that doesn't have conventional debit or credit cards or
is nervous of using them on the web.
"We decided to partner with Ukash as they can
potentially open up the world of e-commerce to unbanked and
cash-based consumers in South Africa and
internationally".
Jonathan Smit, Managing Director, PayFast