Global e-money network Ukash has announced the
launch of UkashOut MasterCard, enabling consumers to convert their
electronic money back to cash.
The service allows consumers to load their
cash onto a UkashOut MasterCard using their Ukash vouchers and
convert it into cash. This completes a e-money payments loop,
following last year’s launch of Ukash PayOut – whereby online
credit could be returned to the consumer in the form of
vouchers.
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Ukash vouchers, that can be used to buy and
load the UkashOut MasterCard, are available across six continents.
The card will be operational at any ATM with a MasterCard logo or
anywhere that MasterCard is accepted.
“The UkashOut MasterCard completes the
cycle for using cash online – from uploading, to spending, to
converting eMoney back to cash,” says David Hunter, chief executive
officer of Ukash. “It’s faster, convenient and lets consumers keep
track of their spending.”
Available in GBP, US$ or Euros, customers can
hold one UkashOut MasterCard per currency.
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By GlobalData
