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Ukash and Mastercard Team Up

June 19, 2009 (CAP Newswire) — Worldwide online payment processor Ukash, used widely in the online gambling industry, has announced a new partnership with MasterCard to correspond with the launch of a new service going live in Europe.

According to an article in iGaming Business magazine, this move is part of a strategic initiative to enable consumers to load cash onto prepaid cards at point-of-sale locations. By partnering with MasterCard, Ukash with be better able to deliver a rapid-scale launch of its new “MasterCard repower”.

Currently, Ukash processes several million transactions each year, with values amounting to more than €100 million, according to the article. Partnering with a globally dominant brand like MasterCard is sure to escalate that figure.

“For partners like MasterCard, our patented, regulated and proven technology is proving an attractive proposition for joint projects, which is a testament to our work and market position within the alternative payments industry,” commented Mark Chirnside, Ukash’s CEO.

Ukash reportedly plans to enable the new service across the United Kingdom before moving into the rest of Europe.

Read more at iGaming Business here.