Ukash Vouchers to Carry Paysafecard Brand Starting in August
July 27, 2015
Ukash, a prepaid voucher for online payments that was acquired by Austrian competitor paysafecard last November, on August 31 will become paysafecard. Both companies enable consumers who do not qualify for a credit or debit card or who do not want to use their card online, to pay for e-commerce purchases using a one-time PIN to complete transactions. Ukash-branded vouchers will no longer be sold at retail locations after that date, although online stores will continue to redeem the vouchers through October 31. paysafecard was acquired in July, 2012 by digital-wallet provider Skrill, which is owned by online and mobile payments provider Optimal Payments.
“The acquisition of Ukash has given us the opportunity to expand the choice for consumers wanting to make secure online payments,” said Udo Müller, CEO of paysafecard. “We have brought together the best of the prepaid technologies from both Ukash and paysafecard to give consumers a safe and easy way to make online payments and we are now embarking on a nationwide campaign to ensure the retailers and users are aware of the changes taking place.”