Ukash launches into Mexico with 2 new partnerships
15/06/2010

Ukash launches into Mexico with 2 new partnerships

Ukash, the world's fastest growing online-cash payments company, continues its expansion in Latin America with the announcement that it is now available in Mexico through deals with MIT and Citadel.

Mexico is a thriving but cash-orientated economy, which means that many consumers are unable to make transactions online. As of today, consumers in Mexico will benefit from using Ukash vouchers online in one of two ways. Through a partnership with MIT (Mercadotecnia, Ideas y Tecnología) Ukash vouchers are issued at point of sale from nearly 400 convenience stores that provide mobile airtime and other payment services through the popular Compra y Paga brand. Ukash vouchers are available in denominations of 200 and 500 Mexican Peso, obtained by simply exchanging cash for a voucher.

Ukash vouchers can also be obtained online through a deal with Citadel, where consumers can visit the Citadel payment page and select a voucher from around 150 to 1,500 Mexican Peso. Consumers can use their internet banking service from the leading Mexican banks and receive their voucher by email. The vouchers can then be spent online wherever Ukash is accepted.

Commenting, Paul Coxhill, Marketing Director, Ukash said: "The deals with MIT and Citadel mark Ukash's first presence in Mexico, a country which we believe will see thousands of consumers benefit from spending cash online. The addition of another country to our network, Mexico being the 32nd, is a significant step for Ukash as we continue to make every effort to allow anyone, anywhere in the world to shop online."

Ukash vouchers, which can be used to pay, play and shop online using cash, are a safe and easy alternative payment method to debit and credit cards. Globally, Ukash is available at more than 420,000 physical issuing points and spans 32 countries and six continents.

Consumers can find out where to get Ukash vouchers by visiting www.ukash.com/latin-america/es/home.aspx.

 

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Smart Voucher Limited. (of which Ukash is a trading name) is authorised and regulated by the Financial Services Authority in the United Kingdom as an electronic money institution. This regulation has been passported to all other countries in which Smart Voucher Ltd operates, with approval from the relevant local regulator. Smart Voucher Ltd (trading as Ukash) FSA register number: 447811, Company Number 4202050 registered in England & Wales at 5-7 Tanner Street, London, SE1 3LE, UK.