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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 :

British gambling industry generated GBP 6.8 billion between April 2013 and March 2014 - The latest industry numbers from the British Gambling Commission show that the industry is alive and well in the United Kingdom, generating Gross Gambling Yield of GBP 6.8 billion in the period April 2013 to March 2014... an increase of 6 percent on the corresponding figure for April 2012 to March 2013.

EveryMatrix To Provide sports betting platform to Favourit - Sports betting technology provider EveryMatrix has announced that it is to provide a sports betting platform for established Australian sports betting white label supplier and operator Favourit.

Arctic Bear FaceBook Slot - Isle of Man developer Multislot has announced that its second Facebook slot product, Arctic Bear, has been ordered by Plaor for use on its Mega Fame social casino Facebook app. Integration will take place early in 2015.

Betradar In Contract With Sisal - Betradar has clinched a contract for the use of its Live Channel streaming product by Italian operator Sisal, which is using the service in the online and retail facilities of its Matchpoint subsidiary.

Ftops XXVII Starts Nov 30 - The next edition of the Full Tilt Online Poker Series – the twenty-seventh outing for the popular online tournament – is scheduled to kick off on Sunday November 30 and will run through December 14.

Jonathan Jaffe Wins World Poker Tour Montreal - Jonathan Jaffe, a 27-year-old internet professional player from Vermont, has triumphed in the C$3,500 buy-in World Poker Tour Montreal tournament, claiming a main event prize worth C$463,432 after defeating Ratharam Sivagnanam in a fiercely fought heads up.

Tatts has unveiled its long-awaited change of corporate identity - The Australian land and online gambling group Tatts has unveiled its long-awaited change of corporate identity with a big PR push emphasising the amount of research that went into the design and incorporation of the new Ubet identity.

Polish Gamblers Will Be Prosecuted For Using unlicensed gambling websites - Clearly perturbed by the amount of money flowing to unlicensed online gambling operators from Polish internet punters, the country’s Ministry of Finance has warned that the government has the power and the legislation to prosecute players who give their business to such unlicensed websites.

A Look At Pokerstars anti-fraud precautions - The latest in a series of informative vids on how Pokerstars goes about its business is now available and focuses on the sophisticated anti-fraud and anti-collusion measures deployed at the company’s headquarters on the Isle of Man.

Mike Huckabee Online Gambling InterView - A Fox Television current affairs program hosted by former Arkansas governor Mike Huckabee plumbed the depths of biased and perhaps deliberately misleading television this week when anti-online gambling campaigner Blanche Lincoln aired her views, which are startlingly similar and equally questionable as those espoused by land casino tycoon Sheldon Adelson in his big-money efforts to outlaw internet gambling.

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