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New Investment for Smart Voucher/Ukash to fund international growth
29 September 2008Read more
Andrea McGeachin Joins Smart Voucher
6 October 2007Read more
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3PEA International, Inc. Announces Card Processing and Service Agreement With Ukash/Smart Voucher Ltd.
8 March 2007Read more
Alaric To Provide Risk Control Solution
18 January 2007Read more
Smart Voucher Announces FSA Authorisation For E-Money Status
1 August 2006Read more
New Investment for Smart Voucher/Ukash to fund international growth
29 September 2008
Smart Voucher Ltd, trading as Ukash, has secured investment from two groups: South Africa based, Blue Label Telecoms, (via its subsidiary Gold Label Investments) and AIM Listed payment service provider DataCash.
Ukash was launched in 2005 and has become a globally recognised payment method that enables consumers to make online purchases whilst protecting them against credit card fraud and identity theft. Ukash online "cash" transactions have grown at a rate of 257% from 2006/7 to 2007/8. The alternative online payments sector is also experiencing strong growth and is currently estimated at USD 106 Billion by 2012 in the US alone (source Javelin Research & Strategy 2007).
Mark Chirnside, CEO of Smart Voucher Ltd. said, "This investment is a testament to the growth potential for alternative payment methods across the world. It is very exciting for all parties."
Blue Label Telecoms is a leading distributor of prepaid secure electronic tokens of value and transactional services and has successfully built a global distribution network of over 200,000 touch points within emerging markets such as South Africa, sub-Saharan Africa and India. The group has also recently announced a joint venture in Central America.
Formed in 2001, Blue Label Telecoms (BLT) has become a super distributor of secure prepaid electronic tokens of value and transactional services within emerging and developing economies. BLT successfully processes in excess of 300 million monthly transactions through its global footprint of several hundred thousand mobile and physical points of presence, which currently spans four continents. In November 2007, Microsoft Corporation signed a strategic collaboration and preferred partnership agreement with BLT across emerging and developing markets and acquired a 12% equity stake in the company. BLT is listed on the JSE Limited.
For more information please visit www.bluelabeltelecoms.co.za
DataCash Group PLC (AIM: DATA), a market leading provider of payment processing solutions, provides merchants with a single interface that allows them to process secure payments, both on and offline, anywhere in the world.
