30/09/2009

International expansion of Ukash continues with first move into South America

 

Ukash, the fast growing global e-commerce payment solution, has made its first move into South America after signing a deal with Rocalix S.A. to make Ukash vouchers available from 300 sites in Uruguay.

 

Rocalix will make this possible through its partner Redpagos, whose shops provide a range of financial services including currency exchange, mobile telephone airtime top-up and bill payments. Vouchers, which are available in US dollars in denominations of $20, $50 and $100, can be combined, split and converted to allow users flexibility when managing their online shopping.

 

As Ukash continues in its quest to make online shopping available to everybody, anywhere in the world, the company has expanded rapidly and made its proposition available in new markets, and the deal with Rocalix is its first move into the South American market.  

 

Mark Chirnside, chief executive officer, Ukash said: "Our international expansion continues and we are excited by the potential South America has for Ukash. Our proposition helps the unbanked and those who fear online fraud to shop online safely using cash and we believe that Uruguay, and South America as a whole, is a potentially huge growth market for us. The popularity and use of Ukash is moving from strength to strength and we are seeing significant demand in all of the key international markets where we have recently introduced Ukash."

 

Fast-growing alternative payment method Ukash, which allows users to spend money online using cash, is also available in the UK, mainland Europe, South Africa and Australia and has an existing global network of 275,000 physical points of purchase.

 

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    Smart Voucher Limited. (of which Ukash is a trading name) is authorised and regulated by the Financial Services Authority in the United Kingdom as an electronic money institution. This regulation has been passported to all other countries in which Smart Voucher Ltd operates, with approval from the relevant local regulator. Smart Voucher Ltd (trading as Ukash) FSA register number: 900007, Company Number 4202050 registered in England & Wales at 5-7 Tanner Street, London, SE1 3LE, UK.

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