10/08/2010

Launch of new Ukash product makes PayOut easy

London 5 August 2010: Ukash, the global e-money network, has launched its latest product, Ukash PayOut, which is set to shake-up the gaming industry as it offers instant payouts to all players with 0% processing costs to operators or customers.

 The Ukash PayOut product is already being used by UB.com and Absolute Poker. Results show that players have enjoyed the convenience of withdrawing funds instantly while operators benefit from reduced overheads and the enhanced reputation that comes from making withdrawing funds easy.

 The new product, which is live now and simply pays out a Ukash voucher instantly regardless of the deposit method used, will mark the end of costly cheques, bank transfers and other traditional payment methods as it provides operators with an instant pay out option at the lowest available cost.

 Tyrone Perry, Head of Betting and Gaming, Ukash, explained, "The international gaming market is an important part of our business and we believe that in Ukash PayOut we have a product that can truly revolutionise the way payments are made to players. Offering an instant, convenient and easy to use product at a lower price than competitors is a magic combination. It will also help to increase player conversion, loyalty and retention, so we are expecting Ukash PayOut to be in high demand."

 Gaming operators can visit www.ukashbusiness.com/payout for more information on how Ukash PayOut can work for them.

 Ukash vouchers, which can be used to pay, play and shop online using cash, are a safe and easy alternative payment method to debit and credit cards. Globally, Ukash is available at more than 420,000 physical issuing points and spans 33 countries and six continents.

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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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