LONDON | Ukash, the online cash innovator and VendTek Systems Inc.,a developer and licensor of software for the global pre-paid and financial services markets, have announced a commercial alliance between Ukash and VendTek's wholly-owned Brazilian subsidiary, Now Prepay Servicos de Informatica Ltd.
Ukask Vouchers in Brazilian Real
As a result of the partnership, Brazilian consumers will be able to purchase Ukash vouchers in Brazilian Real at participating Petrobas and other independent stores across the country. The number of locations at which consumers can buy Ukash vouchers in Brazil is growing every month and customers can go online to find their local store. They will be able to spend the vouchers at 3,500 e-commerce and digital entertainment websites around the world.
Online Cash Payment Method
The alliance will also enhance the Now Prepay offering for Brazilian retail merchants. By adding access to Ukash as the online cash payment option, internet retailers operating in Brazil will be able to reach more consumers.
Following Ukash' Success in Canada
"This is exciting news for VendTek" said Doug Buchanan, President and Chief Executive Officer of VendTek. "We have been working hard to increase our product portfolio in our distribution network in Brazil. The partnership with Ukash means we can increase the added value we offer to our merchants, supporting growth of our merchant network. It's also a great way to capitalise on the tremendous success we've had with Ukash in Canada."
Brazil eCommerce Marketplace
David Hunter, Chief Executive Officer, Ukash added: "Brazil is an important market for Ukash with a large consumer population that either don't want to use bank or credit details online or don't have access to these facilities. The fact that the Brazilian Real is not accepted on a lot of websites has also been a challenge for both consumers and online retailers operating in the country. Through our partnership with Now Prepay we can give global and local online retailers, access to the valuable Brazilian marketplace as well as facilitating great online deals for Brazilian consumers."
Ukash is an established international company based in the UK that enables consumers around the world to shop, pay, send and play online, using cash safely, securely and conveniently. The size of the network and the widening acceptance of Ukash have helped it to become a leading alternative payment method. Pioneering the online payment market over a decade ago, Ukash has grown to 460,000 physical points of purchase and is available in more than 50 countries. It is regulated by the UK Financial Conduct Authority (FCA).
VendTek develops and licenses automated transaction system software and supporting technologies. VendTek's customers, subsidiaries and its Now Prepay division use e-Fresh(tm) software to build electronic, prepaid services networks that enable consumers to purchase prepaid products and services via POS and self-serve terminals connected to a central server. This system creates significant value through improved efficiencies compared to a traditional distribution model. e-Fresh(tm) reduces shrinkage and inventory requirements for vendors while improving consumer access to prepaid products and services by completely eliminating physical cards and vouchers. VendTek has deployed its software around the world including Canada, United States, Asia, the Middle East and Africa. For further information please visit the Company's websites www.vendteksystems.com and www.nowprepay.com.
For further press information regarding Ukash please contact the Ukash Press Office at HSL: Wendy Harrison, Jenny Thorneywork or Clare Watson. +44 (0)20 8977 9132. email@example.com
For more information about VendTek Systems Inc. please contact Samantha White at 604-805-4653 or 1-800-806-4958 or firstname.lastname@example.org.