SCANDINAVIAN EXPANSION FOR UKASH

4 December 2009

Deal with Spendon will open up another 500 access points

Online payments business Ukash has signed a deal with Spendon, a product of the Swedish Convenient Card AS company, which will make Ukash available in more than 500 additional new outlets in Sweden.

Ukash vouchers, which allow consumers to shop online anonymously using cash, will now be available in over 300 Pressbyran kiosks and all 200 7Eleven branches found inside Shell petrol stations.

Swedish customers who do not have access to credit and debit cards or those that are fearful of online fraud will be able to exchange cash for Ukash vouchers available in denominations of SEK 100, SEK 250, SEK 500 and SEK 1 500 and use them to shop, pay and play online.
Ukash has an existing presence in Sweden, with over 2 000 points of purchase.

Ukash vouchers are available through payment terminals in retail outlets across Europe, South Africa and Australia and are also issued online from the company’s website in selected European territories. Most recently, the company introduced its e-cash product on the Ukrainian market as a result of a collaboration with commercial bank PrivatBank (see previous InfoPowa report).

Convenient Card is a company jointly owned by the PayEx group and Reitan Servicehandel, offering various payment services for the retail and service industries in Sweden.

Online Casino News Courtesy of Infopowa

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