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Ukash Now in Australia

Ukash has brought Australia into its widening international net of customer outlets, inking a deal with epay Australia.
 
Ukash vouchers, which allow consumers to shop, pay and play online using cash, will initially be available at 3 600 outlets across Australia with the possibility of expansion later in the year.
 
The move will enable the company to tap into Australia's large cash market, its growing number of internet users and its 9 million consumers - nearly half the population - that are concerned at the chances of cyber crime and identity

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theft online. Credit card fraud is one of the most common forms of theft in Australia and with 39 percent of the population having been the victim of cyber crime, it is the country with the highest incidence of online fraud in the world, said a kash spokesman.
 
Ukash, which is based in the UK and is regulated by the Financial Services Authority (FSA), has an existing global network of 275 000 issuing points, providing a payment solution to consumers across the UK, Europe and South Africa. The Ukash business model has proved highly attractive to consumers and retailers alike; Ukash currently process several million transactions annually, with values in excess of Euro 100 million.
 
One of the major benefits of using Ukash is that customers do not need to have access to a bank account or credit card to shop online. And according to research conducted by the Reserve Bank of Australia, cash is still the primary payment method preferred by Aussies, accounting for 70 percent of all transactions made.
 
The deal with epay allows users to exchange their cash in-store and receive Ukash vouchers - which are available in Oz dollars in amounts of $10, $20, $50, $100, $200 and $500 - with a unique code that users simply provide when paying online. The anonymity of buying and spending Ukash means that no financial details are required from the consumer, and people can shop online without worrying about the continued risk of online identity theft.
 
Ukash will be available to consumers across Australia from epay retailers, including petrol stations and convenience stores. This will complement the Ukash Online solution, which allows consumers in Australia to purchase Ukash online directly from their bank account through all major banks - a secure online issuance function which provides comprehensive authentication and verification technology to online consumers.

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Ukash vouchers can be used to shop, pay and play online and amongst the commercial many sectors where Ukash is popular, demand for cash payment methods in the online betting and VoIP markets has been particularly strong.
 
Mark Chirnside, chief executive officer Ukash said:  "Ukash is embarking on a period of international expansion as we continue to make online shopping available to anybody, anywhere in the world. By opening up internet shopping to the cash market Ukash allows those without bank accounts or credit cards, or those who have fears of online fraud, to shop securely online using cash.
 
"We are excited by our move into the Australian market, which we believe will be another strategic success for our company and we are looking forward to working with retailers here to help them develop valuable new revenue streams."
 
In September 2008 Ukash received significant additional funding from South African giant Blue Label Telecoms, part-owned by Microsoft, which acted as a catalyst in the company's international expansion. Ukash has signed major deals with international partners which has seen the company treble in size over the last 12 months and by 2010 it will be issuing Ukash vouchers across all five continents, and the company is currently pursuing a number of other strategic prepaid projects to enable the cash consumer to shop online anywhere in the world.



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Recent Gambling News :

Tau Gaming Set To Launch - There's a wealth of online gambling experience behind the founders of Tau Gaming, which has contracted with Dragonfish to launch new online casino and bingo brands on the market before the end of the year.

Jumpman Gaming claims it is the first to launch video bingo games in the UK - Alderney licensed Jumpman Gaming, a developer founded just two years ago, has made the rather bold claim that it is the first to launch a catalogue of Video Bingo games within the UK through the 15 Network.

The7Stars in deal with Coral - The performance of London marketing agency The7Stars in promoting the Coral interactive brands so impressed Gala Coral that its involvement has been expanded to embrace Gala Interactive.

Youbetme raises 2.7 Million - US investors seem to like social gaming firm Youbetme, which has raised a further $2.7 million in funding this week following its $1,2 million in start-up funding back in January this year.

BALLY - SCIENTIFIC GAMES MERGERS COMPLETED - Completing the Bally transaction brings together two exceptional organizations with a common culture of innovation and customer focus, said Gavin Isaacs, president and chief executive officer of Scientific Games.

Xanadu To Double Staff - The Irish online gambling software developer Xanadu, set up by three Irish entrepreneurs with 8 employees in 2011, is to more than double its staff from 106 to 220 in 2015, the company announced in a statement Friday.

CONTINENT 8 IS ISLE OF MAN'S COMPANY OF THE YEAR - Continent 8 Technologies, which over the last 15 years has established itself as a top provider of managed hosting and network solutions to many of the world’s largest online businesses, has been named ‘Company of the Year’ in the 2014 Isle of Man Newspapers Awards for Excellence.

DId Pokerstars Manager Release Italian Casino News Too Early - The newly appointed manager for Pokerstars in Italy, Marco Trucco, may have let the cat out of the bag in his interview earlier this week disclosing the online poker giant's plans to introduce casino and sports betting in the near future

New Jersey loses sports betting case - The state of New Jersey looks set to return to the Third Circuit Court of Appeals following another adverse decision from Judge Michael Shipp Friday as the state battled national sports leagues in its bid to introduce intrastate sports betting

Malaysia plans to send enforcement officers to China to study anti-online gambling tactics - Malaysia is to turn to the human rights-challenged Chinese government for assistance in tackling illegal online gambling, corruption and prostitution, Minister of Home Affairs Datuk Seri Ahmad Zahid Hamidi told reporters Saturday after visiting an exhibition held in conjunction with the 60th anniversary of the Film Censorship Board.

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