Alternative payment provider Ukash, which has the largest prepaid cash-issuing estate in the world, has extended its footprint in Scandinavia by signing a deal with Spendon, a Convenient Card AS company, which will make Ukash available in more than 500 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. Ukash is available in more than 300,000 physical locations in 26 countries globally and has an existing presence in Sweden, with more than 2,000 points of purchase. Consumers exchange their cash for Ukash vouchers - which are available in 100, 250, 500 or 1500 SEK values - and receive a unique 19 digit Ukash PIN which can be spent instantly at thousands of online stores.
The Ukash solution is growing in popularity as consumers wish to pay online securely and anonymously using cash, instead of having to use credit or debit cards. Ukash allows consumers to pay without inputting their financial details online, reducing the risk of card fraud and identity theft.
Mark Chirnside, chief executive officer, Ukash said: "This deal with Spendon is another significant extension for Ukash and will enable more consumers in Sweden to access our vouchers as the demand for our innovative payment solution continues to rise. We have an existing presence in Sweden and it is a market that is showing good growth, so by adding a further 500 physical outlets to our issuing network we expect to see a further upsurge in activity. Our strategic global expansion is continuing and we anticipate further activity in Scandinavia in the coming months."