Ukash
Ukash was a UK-based electronic money system that allowed users to exchange their cash for a secure code to make payments online. It was acquired by Skrill Group in April 2014 and merged into Austrian competitor paysafecard, acquired by Skrill a year earlier. All existing vouchers expired after 31 October 2015. Remaining ones could be exchanged into paysafecard PINs, in May 2016 paysafecard announced completion of the process.
| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 2005 |
| Defunct | August 2015 |
| Fate | merged into paysafecard |
| Headquarters | London , United Kingdom |
| Products | Ukash |
| Parent | Smart Voucher Ltd. |
| Website | www |
The system allowed users to exchange their cash for a secure code. The code was then used to make payments online, to load cards or e-wallets or for money transfer. Codes were distributed around the world by participating retail locations, kiosks and ATMs.
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