Ukash expands distribution reach in Argentina

Ukash vouchers are now available in the whole of Argentina. Previously, the service was only available Buenos Aires.Ukash breaks now into the whole Argentinean market teaming up with local store More Money through its partnership with Raberil Trading. Ukash vouchers can be ordered verbally by simply confirming name and address, once the customer is registered with their nearest More stores, the company said. Ukashs alternative cash payment method seems to suit the Argentinean market, where bank account penetration is low, while rates of internet access and e-commerce are on the rise. We knew the opportunity to shop online using cash would be well received, said David Hunter , CEO of Ukash, said. Research conducted by the online payments company in Argentina showed that cash transactions accounted for 42% of all purchases against 4.6% of those made by card. In February last year, Ukash launched its prepaid e-voucher services in Brazil, aiming to capitalise on the growth of e-commerce in the region. Ukash had made a previous attempt to enter the Cariocas market a year before. However, in April 2010 it was forced to cease activity due to technical problems with issuing partners.Ukashs distribution network now spans 50 countries.

Ukash vouchers are now available in the whole
of Argentina.

Previously, the service was only available
Buenos Aires.

Ukash breaks now into the whole Argentinean
market teaming up with local store More Money through its
partnership with Raberil Trading.

Ukash vouchers can be ordered verbally by
simply confirming name and address, once the customer is registered
with their nearest More stores, the company said.

Ukash’s alternative cash payment method seems
to suit the Argentinean market, where bank account penetration is
low, while rates of internet access and e-commerce are on the
rise.

“We knew the opportunity to shop online using
cash would be well received,” said David Hunter , CEO of
Ukash, said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Electronic Payments International.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Research conducted by the online payments
company in Argentina showed that cash transactions accounted for
42% of all purchases against 4.6% of those made by card.

In February last year, Ukash launched its
prepaid e-voucher services in Brazil, aiming to capitalise on the
growth of e-commerce in the region.

Ukash had made a previous attempt to enter the
Carioca’s market a year before. However, in April 2010 it was
forced to cease activity due to “technical problems” with issuing
partners.

Ukash’s distribution network now spans 50
countries.