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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 :

32red 2014 half year numbers - The UK online casino and sportsbetting group 32Red has posted another record set of half-year numbers for the period ended June 30 2014, highlighting the following year-on-year advances:

Svenska Spel now offering casino games - The Swedish gambling monopoly Svenska Spel is hoping that it can build on the success of its online offering by introducing casino games, and has applied to the government for permission to do so in a planned expansion of its online and mobile channel, according to Swedish media reports.

The Oddsventurers Slot Launches - The Odobo Marketplace has flagged an own product - a slot titled The Oddsventurers from Odobo's in-house game development studio Wild Game Reserve....its first internal product.

Playtech in deal with MSC Cruises - Online and land gambling supplier Playtech plc has extended its product reach to the world's oceans following an agreement to provide MSC Cruises with its Neon Casino Management System.

TVG Network given a multi-year extension by New York Racing Association - TVG Network, a Betfair subsidiary which broadcasts and accepts horse racing bets in America, has announced the multi-year extension of its contract with the New York Racing Association

Russia Approved Land Gambling in Crimea - The Russian news agency RAPSI reports that Russian president Vladimir Putin has signed a decree authorising land gambling in Crimea, a territory annexed from Ukraine by Russian political and activist interventions earlier this year.

Ezugi To Supply Live Dealer Tables to Bitstars - The virtual currency online casino Bitstars.net has announced that it has inked a deal with live dealer supplier Ezugi for the supply of live table games including Roulette, Blackjack, Baccarat and Lottery action.

Pokerstars released details of its charitable donations - The Rational Group, parent company of Pokerstars and Full Tilt, has released details of its charitable donations totalling $560,078 over the past 7 months, mainly benefitting victims of Typhoon Haiyan in the Philippines last year.

US Social Gaming Threat? - The respected international rating agency Fitch has issued a report on social gaming, noting that casino-themed games on social networks pose a competitive threat to regional land casinos.

Fantasy Sports Trade Association supports Adelson - The fantasy sports industry has thrown its support behind Sheldon Adelson's attempt to ban internet gambling in the United States through the Restoration of America's Wire Act introduced to Congress earlier this year by Senator Lindsey Graham and Representative Jason Chaffetz .

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