Ukash and Payzone partnership builds platform for major rollout of Mastercard rePower

12 October 2009
London 12 October 2009 – Ukash and Payzone are leading the way in the UK prepaid market having agreed a major new deal which will enable the provision of prepaid card reloading services for MasterCard rePower at over 18,000 Payzone outlets across the UK, bringing a boost to the prepaid card segment and extending convenience to cardholders in the UK.

Ukash, which is rapidly expanding its global footprint and range of services, has been working with MasterCard to launch MasterCard rePower - which will allow consumers to load cash onto their MasterCard and Maestro® prepaid cards at Point-of-Sale (POS) locations across Europe.

The deal with Payzone, which is Europe’s largest branded consumer payments acceptance network, will significantly increase the number of outlets where MasterCard rePower will be available to consumers, and is expected to go live early in 2010.

To load money using MasterCard rePower, consumers simply swipe their card and in exchange for cash, their card is reloaded with funds. Ukash will enable this service to be delivered across the UK initially and then across Europe via partners within its merchant estate. The value of the transaction is immediately available for the consumer to spend on their MasterCard or Maestro prepaid card, wherever MasterCard is accepted.

Mark Chirnside, CEO of Ukash said: “The MasterCard rePower service is a real addition to the prepaid card segment in the UK and we are proud that our partnership with Payzone will make the service available to more customers across the UK. The prepaid market is very significant and has proved a key growth area and will continue to be an important revenue stream for Ukash as we continue to diversify our range of products.”

Bill Thomson, Managing Director at Payzone said “We are delighted to be able to offer this service and to provide an easy and convenient place for customers to load funds onto their cards. Payment cards represent an exciting area of growth for Payzone, further adding to our extensive range of services which include mobile top-ups, bill payments, calling cards, ticketing and money transfer.”