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Ukash Now In Canada

10.20.09 - Ukash is continuing its relentless global expansion with a new deal this week that sees it access the North American market for the first time. The company recently signed an agreement with Russia's Wallet One.

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The Internet cash voucher provider will enter the Canadian market through a partnership with VendTek Systems Inc under that company's Now Prepay brand. The deal will mean that Ukash will be immediately available from 4 000 point of sale terminals in Ontario, with plans well in hand for an expansion into a total of 15 000 outlets across Canada by the end of the year.
 
The company notes that the North American market potential is considerable, with over 70 million unbanked consumers. Canadians alone placed almost $12.8 billion worth of orders online in 2007, and the need for a range of alternative payment solutions to support consumers presents a substantial opportunity for Ukash and its partners.
 
2009 has been a remarkable year for the payment facilitator, which has extended its international footprint into Australia, South Africa and South America in addition to expansion throughout the UK and Europe.
 
The company appears to have successfully tapped in to a deep well of Internet users who want easy, controlled and anonymous online cash payment facilities - including those without credit or debit cards - from anywhere in the world.
 
Ukash CEO Mark Chirnside says: "North America is a territory with huge potential for the Ukash proposition. High rates of unbanked consumers at this time, largely due to poor credit history and immigrants unable to get bank accounts, means that there is a growing number of cash consumers who want to spend online.
 
"Canada is a key territory for the Ukash proposition and working with Now Prepay will give us the prominence needed to expand our availability across Canada before launching in other countries across the Americas."
 
Doug Buchanan, President of VendTek said,"Ukash offers an electronic cash payment source and an important solution for people who are looking for an alternative to credit cards.  We have been interested in an on-line payment product for our network and Ukash has an e-commerce payment solution that is an excellent fit with our network.  We are very excited to partner with them to enable money transfer services over the Now Prepay network in Canada."
 
Ukash vouchers allow consumers to shop, pay and play online using cash, and will be available from thousands of point of sale terminals across Canada including independent convenience stores and gas stations. Vouchers will be available in 25, 50, 75, 100, 150 denominations of Canadian dollars. Ukash is particularly popular with consumers who do not have access to credit and debit cards or those that are fearful of online fraud. Users receive a voucher containing a 19-digit code which can be used to pay at thousands of online merchants.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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