|Description||international e-cash payment method|
|Venture Round, 9/2008 |
Ukash® is the Global e-Money Network and internationally recognised e-commerce cash payment method that enables consumers from anywhere in the world to shop, pay and play online safely, using cash. This secure payment method was developed to protect personal identity and financial information when making online transactions; reducing the threat of credit and debit card fraud for consumers and repudiations and charge-backs for retailers. Ukash® has no age limit, so consumers of all ages can make the most of safe payment online.
Ukash® vouchers are purchased with cash in retail outlets and issued online from the company’s website. The unique 19 digit vouchers are then used to pay directly with cash on any of the thousands of websites that accept Ukash transactions worldwide.
Established in 2001 under the holding company Smart Voucher Ltd, Ukash® has grown to more than 420,000 physical points of purchase, and is available in more than 50 countries around the world in 6 continents. In 2008, Ukash established a strategic partnership with South African payments giant Blue Label Telecoms to develop the brand’s services.
Ukash® is regulated by the UK Financial Services Authority (FSA) and operates as one of only a small number of Electronic Money Institutions, a status that allows a single maximum online cash payment transaction of up to $200/$250.
Ukash® was included in the Sunday Times Microsoft Tech Track 100 in 2011, which identifies and ranks the most successful private companies in a league table.
The technology behind Ukash® is protected by Patent Law in all the major economies of the world. Ukash® is a registered trademark of Smart Voucher Ltd.
|Launch Date||July, 2011|