03/06/2010

Ukash continues Latin American expansion with launch in Colombia

Ukash, the world's fastest growing online cash-payments company, continues its expansion into Latin America in 2010 with Ukash now being issued in Colombia, in partnership with Titan, a leading money transfer and exchange company of Colombia, through a deal with eBizznet, an issuing partner of Ukash.

Consumers in Colombia can now purchase vouchers in Titan offices in major cities such as Armenia, Barranquila, Bogota, Bucaramanga, Cali, Cartagena, Cucuta, Dosquebradas, Manizales, Medellin, Palmira, Pereira and Tulua, where Ukash vouchers are available in denominations of 5, 10, 15, 20, 25, 50, 100, 250 and 500 EUR or USD. Titan and eBizznet will now be looking to expand the Ukash issuing network in Colombia through the recruitment of independent top-up agencies in Colombia. With a unique 19-digit code from Ukash, the consumer will then be able to shop, pay and play online safely and without fear of credit card fraud.

Paul Coxhill, Marketing Director, Ukash, said: "As the e-commerce market in Latin America is growing, Ukash has been expanding its business, aiming to provide the huge potential consumer base there with a more streamlined and easy to use alternative payment method. We expect to roll out our cash payment system in more points of sale across the country and make Ukash available across even more countries in Latin America in the coming weeks and months."

Titan and eBizznet management: "Ukash provides the unbanked or cardless consumer in Colombia the opportunity to shop online in a secure and safe manner and this will certainly contribute to the development of the e-commerce in Colombia."

Globally, Ukash is available at more than 420,000 physical issuing points and spans 31 countries. More information and exact locations where Ukash is available in Colombia and across South America is listed at www.ukash.com.

More information : www.ukash.com , www.ebizznet.com, www.titan.com.co

 

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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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