Date:19 July 2012

Ukash strengthens senior management team to boost international expansion

Ukash, the Global eMoney Network, has announced two senior management appointments to support the next stage of the company’s international growth and development.

James Allum has been appointed Commercial Director and will a play a key role in developing Ukash’s international footprint, increasing distribution in both new and existing territories. Formerly Chief Executive Officer of Western Union Payments Service UK Ltd, James has more than 12 years’ global sales and marketing experience and a proven track record in business development across all areas of the payments sector.

Jon Fox, who joins Ukash as Sales Director, has over five years senior management experience with WorldPay, formerly part of the Royal Bank of Scotland Group. Jon is a specialist in project and relationship management, and will drive merchant acquisition growth in new and existing sectors and will further establish Ukash as an essential eRetail payment acceptance brand.

David Hunter, CEO of Ukash, said, “Ukash has achieved exceptional growth over the past three years, and we are in great shape to continue this into the next phase of expansion. I’m
James Allum and Jonathan Fox join the senior management team at Ukash
delighted therefore, to welcome Jon and James to the senior management team, and see them being pivotal to the acceleration of our ambitious plans.”
Ukash empowers people to exchange their coins and banknotes for a unique 19 digit Ukash code, which can be used as payment at thousands of websites. With Ukash, online payments are safely, securely and convenient, with no need to reveal personal financial information.

What is Ukash?

Ukash® is the Global e-Money Network and internationally recognised e-commerce cash payment method that enables consumers around the world to use cash to shop, pay and play online safely, securely and conveniently. This secure payment method was developed to protect personal identity and financial information when making online transactions, reducing the threat of credit and debit card fraud for consumers and repudiations and charge-backs for retailers. Ukash® has no age limit, so consumers of all ages can make the most of safe payment online.
Ukash® codes are purchased with cash in retail outlets such as shops, petrol stations and kiosks, and issued online from the company’s website. The unique 19 digit codes can then be used to pay directly on any of the thousands of websites that accept Ukash transactions worldwide, or loaded onto prepaid cards and e-wallets.

Established in 2001 under the holding company Smart Voucher Ltd, Ukash® has grown to more than 420,000 physical points of purchase, and is available in more than 50 countries around the world in 6 continents. In 2008, Ukash established a strategic partnership with South African payments giant Blue Label Telecoms to develop the brand’s services.
Ukash is regulated by the UK Financial Services Authority (FSA). The maximum single value allowed is £200/€250 or equivalent in other currencies, and the maximum amount that can be held by an individual customer is £1,000/€1,250 or equivalent in other currencies.

In 2011 HM The Queen awarded Ukash® a Queen’s Award for Enterprise in the International Trade category. The prestigious award recognises UK businesses that have achieved substantial growth in overseas earnings and outstanding levels of commercial success. Ukash, operating under the holding name of Smart Voucher, was awarded as a result of its geographical and financial growth. Ukash® was extremely proud to have been awarded the same honour for a consecutive year in 2012. Ukash® was included in the Sunday Times

Microsoft Tech Track 100 in 2011, which identifies and ranks the most successful private companies in a league table.
The technology behind Ukash® is protected by Patent Law in all the major economies of the world. Ukash® is a registered trademark of Smart Voucher Ltd.

The facts

• Ukash® was established in 2005.
• Ukash® has grown to over 420,000 physical points of purchase.
• Ukash® is available in 57 countries around the world, across 6 continents.
• Ukash® can be spent on 5,000 websites.
• Ukash® is available in 20 currencies.

What are the benefits?

Ukash® is the safe and secure way to pay – there’s no need to share financial details online.
Ukash® empowers consumers to use cash electronically, irrespective of status, device or boundary, regardless of having a credit or debit card and enables them to stay in control of spending.
Ukash® is flexible: consumers can take Ukash® and split it into smaller amounts, combine into larger amounts, convert into other currencies or even donate Ukash® change to charity.
Ukash® is convenient, simple and FREE. Ukash® is also available via online bank transfer and it is easy to use at any website that accepts Ukash.
Ukash® is available for all - whether you are concerned by online fraud or don't have a bank card, you can use Ukash® to pay, play and shop online at thousands of global locations.
Ukash® opens up new markets for companies to sell their goods and services online to those without credit or debit cards, even bank accounts, and those simply reluctant to give financial details online.

Find Ukash on social media:
Twitter: @PayWithUkash
Facebook: http://www.facebook.com/PayWithUkash

For more information please contact ING MEDIA:
David Cummins
ING MEDIA
david@ing-media.com
Ph: 020 7247 8334