European growth continues as Ukash opens shop in Cyprus

29 September 2009
London, 29 September 2009 – Ukash, the fast growing global e-commerce payment solution, has expanded its European footprint with the announcement that its e-cash product is now available in Cyprus through MOBEE PAYMENTS.

Ukash vouchers, which allow consumers to shop, pay and play online using cash, will be available from 400 sites across Cyprus in 10, 25 and 50 Euro denominations. 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.

Cyprus is an interesting market for Ukash, which expects to see demand for its vouchers from both the island’s locals and the large ex-pat community that moved to the island from the UK, some of whom may already be familiar with the Ukash proposition.

Mark Chirnside, chief executive officer, Ukash said: “Ukash is now available widely across Europe and we are pleased to be working with MOBEE PAYMENTS which adds another country to our roster. Our vision is to make online shopping available to everybody, anywhere in the world, so we have been undergoing a period of significant growth and expansion and we are sure that our entry into Cyprus will be as successful as our other recent developments.”

Fast-growing alternative payment method Ukash, which aims to make online shopping available to everybody, anywhere in the world, is also available in the UK, mainland Europe, South Africa and Australia and has an existing global network of 275,000 physical points of purchase.