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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.



Recent Gambling News :

Fulltilt Mini Ftops - Full Tilt is well advanced in planning for the first Mini Full Tilt Online Poker Series of 2015, which kicks off on January 4th next year and runs through January 18.

Uk Fulltilt Players 20 percent reduction of reward points - Th switch means that UK poker fans will receive eight points per dollar raked instead of 10 points per dollar raked, with a top-end to rewards of a 28 percent rakeback rate.

Icahn pledges $20 million to keep Taj Mahal Open For Now - Atlantic City's struggling Taj Mahal casino resort has been handed another last-minute reprieve from shuttering by principal creditor Carl Icahn, who on Thursday pledged $20 million to stave of closure in the immediate future.

Online gambling operators licensed on the Isle of Man to be granted double tax relief - The concession is up to a monetary maximum equivalent to the amount of gambling duty that would be due to the islandís Treasury on the same activity.

666bet Slotpay and Shutdown - The writing may have been on the wall - or to be more accurate on several betting forums - two months ago, when complaints about slow-pay tactics started to surface from frustrated players. However, in the absence of an explanation by the owners, that is hearsay and speculation.

ONLINE GAMBLING'S CONTRIBUTION SMALL IN BRITISH COLUMBIA - The exchanges have been focused on what opposition politicians consider to be wasteful spending at the provincial lottery, which also operates the online gambling initiative. Members of the Opposition have pointed to excessively generous separation deals for departing lottery officials, and insufficient supervision of retail ticket sales to minors.

Delaware Online gambling revenues up 42 percent - November stats from the Delaware Lottery bring the welcome news that online gambling revenues in November soared 42 percent compared with October, reaching $184,898.

Philippines law enforcement shaking down local businesses in the online gambling sector - Local media in Manila, Philippines made some startling claims based on rumours in the business community this week, alleging that federal law and immigration enforcement officials have been shaking down local businesses in the online gambling sector, thus threatening investor confidence.

Mr Green CEO Mikael Pawlo To Step Down - A statement Thursday from online casino company Mr Green reveals that chief executive officer Mikael Pawlo is to step down in June 2015 as chief executive of the AktieTorget-listed company, but has been nominated to join the board of directors.

RTG Launches Wild Wizards Slot - Wild Wizard symbols and Spell Book scatters trigger free game features with Held Expanding Wilds, Mad Magic Multipliers, Bonus Symbols and Extra Wilds in the new release of this 25 pay-line video slot.

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