High
08/02/2012

PayU opens up new markets for South African online businesses

PayU SafeShop payment gateway now accepts cash-based online payment method, Ukash.

PayU Payment Solutions, a leading South African online payment service provider, today announced a partnership that enables online businesses to accept Ukash as an additional cash-based online payment method.

"Customers who do not have credit cards want to enjoy the cost-savings and convenience of shopping online. Our partnership with Ukash enables online businesses to service cash customers who previously could not be reached, as well as open up a whole new market for these businesses," says Mark Chirnside, CEO PayU MEA.

PayU SafeShop, an established payment processing product that has developed and shaped e-commerce in South Africa for the past decade, now enables online businesses to securely accept and process 11 different payment methods, including Ukash. Online merchants can enable Ukash payments on their Web sites by requesting PayU to enable the capability for their shopping basket.

David Hunter, Chief Executive Officer of Ukash, said: "Partnering with PayU was a natural choice for us. By integrating with SafeShop payment gateway, we can now offer our customers access to most of the major South African airlines and leading online retailers, and empower everyone to use cash electronically."

Globally, Ukash is active in more than 50 countries. Ukash customers can redeem vouchers at 25 South African online retailers directly, including iBurst, Ladbrokes, Flowers.co.za, Interactive Sports, ClickBay, Smokoo, Yarona Healthcare and others.

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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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