05/05/2010

Ukash in demand at Internet World exhibition

Ukash, the world's fastest growing online cash-payments company, has reported that its presence at last week's Internet World exhibition in London was a big success, with a huge number of visitors interested in its newly launched Ukash NEO product.

Ukash NEO, its most innovative product to date, allows consumers in the UK and Germany to shop online anywhere that MasterCard® is accepted. By featuring Ukash NEO on their websites, retailers will create a lucrative new revenue stream as the payments company offers all online retailers commission on every purchase made using Ukash NEO.

The company reports that:

Multi-channel and online retailers showed interest in Ukash NEO:

- as an effective tool for targeting the cash consumer

- due to the fact that it requires no backend integration

- resulting from the 'cash back' they would receive for promoting the scheme as part of the affiliate programme

There was also demand for Ukash's 'traditional' e-cash voucher solution, due to:

- its effectiveness as a payment solution with no risk of fraud

- the fast-growing Ukash international distribution network

- its flexibility as an online payment option

A number of potential partners, such as payment service providers and e-commerce website developers, were also interested in integrating Ukash's payment solutions as a tool for reaching 'financially excluded' customers.

Ukash has more than 420,000 physical points of purchase in 32 countries and six continents worldwide, as well as being available online, and offers consumers the chance to shop, pay and play online using cash.

 

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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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