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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 :

835 More People Arrested in Malaysian Gambling Busts - The renewed nationwide blitz on internet gambling announced earlier this week by the national government (see previous InfoPowa report) appears to be gathering momentum across the provinces.

Yahoo Launches Texas Hold’em portal - The online search giant Yahoo! has seized the initiative and launched a Texas Hold’em portal on its website, according to a report in the business publication Forbes.

GalaCoral and Inspired Extend Deal - UK online and land gambling firm Gala Coral has confirmed that it has extended its licensing provision for virtual sports betting to its mobile offering following an agreement with Inspired Group.

Scientific Games Venture with GTech results in $19.7 million write-off - The release by Scientific Games this week of its Q3-2014 results gave industry observers a glimpse of the costs of the failed joint venture Northstar which the company entered into with GTech to run the Illinois State Lottery.

Titanbet to sponsor its first National Hunt meeting - The deal includes an additional Twilight meeting to follow on from the three race nights at Jockey Club Racecourses’ all-weather racetrack agreed in October.”

Mega Gems Slot Launches - Both Bejeweled and slot fans will be attracted to BetSoft Gaming's new 3D online slot, a five reel, 10 pay-line aesthetically appealing game they have titled Mega Gems.

Adam Silver speaks out About Online Betting - Whilst most US national sports leagues appear to have their heads buried firmly in the sand when it comes to recognising the public appeal of online gambling and sports betting outside the restrictive Professional and Amateur Sports Protection Act, one executive stands out as a realist....Adam Silver of the National Basketball Association.

bet365 extends Sandown Park Racecourse Sponsorship - The Sandown Park Racecourse will benefit significantly from a three-year extension to the sponsorship agreement that it enjoys with the UK online gambling group bet365.

Delaware September online gambling revenues the lowest since December 2013 - State Lottery officials in Delaware have released disappointing statistics on the state's online gambling activity in the month of September 2014, reporting that total revenue for the three operators Delaware Park, Dover Down and Harrington was only $145,022.

Pokerstars Fucking Over Players With Increased Fees - #pokerstars #poker Further revving up players already concerned about the imposition of margins on foreign exchange financial transactions , online poker giant Pokerstars announced hikes in rake and tournament fees Thursday.

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