27-01-2009

UkashOut beats forecasts with fantastic growth

The card created by Ukash for easier payouts has shown triple-digit growth just a few months after its launch, which confirms it as the best solution for payouts. Everybody loves it!

UkashOut, Ukash's solution to ease gambling and gaming payouts, has recorded triple-digit transaction growth just a few months after its worldwide launch in August 2008, as merchants and consumers embrace the card - the only one of its kind available in the market today.

UkashOut has registered outstanding performance, with take-up of cards showing continued month-by-month growth and transactions -loads and unloads- increasing by triple-digit percentages each month.

The card is issued to customers by gaming and gambling merchants, who benefit from increased loyalty as card holders are directed back to the site every time they need to load their UkashOut.

UkashOut, which launched with international partner Chilipoker, has fast established itself as the pay-out method of choice for the gaming and gambling industry. Backed by MasterCard, the card is the most convenient and easiest way of processing payouts, providing merchants with a reliable and hassle-free integrating mechanism, particularly for merchants who already accept payments through Ukash. Card holders enjoy faster payouts and the convenience of having a MasterCard product, which can be used at ATMs and mainstream POS.

Poker specialist site Chilipoker, which rewarded its premium players with a UkashOut as part of the launch of the product, has now rolled it out to a wider customer base. At the time of the launch, Alex Dreyfus, Chilipoker CEO, explained "for a long time we have wanted to offer a debit card that allows customers to withdraw and deposit cash directly from a Chilipoker account. This project has finally come to fruition thanks to Ukash and Mastercard."

Mark Chirnside, CEO of Ukash, reflects on the results: "We are delighted but hardly surprised by the success of UkashOut. We studied the market carefully before we came up with the most convenient and reliable solution possible and were always confident UkashOut would exceed the expectations of industry and customers. UkashOut has major benefits to merchants, cost-effectiveness and reliability being the key ones, and we expect the growth continue."

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