The service is expected to be launched in April 2013 and enables users to turn gaming winnings or spare Ukash back into cash at more than 24,000 PayPoint locations across the UK.
Until now, change from Ukash transactions or gaming winnings, would be returned to the user in the form of a new unique code, which could then be used to make further purchases, or combined with other Ukash codes.
Ukash enables consumers to spend cash online, removing the need to reveal personal financial information. Ukash codes are purchased with cash in retail outlets such as shops and petrol stations. The unique 19 digit codes can then be used to pay directly on websites that accept Ukash transactions worldwide.
Established in 2001, Ukash has more than 460,000 physical points of purchase, including 50,000 in the UK and is available in more than 50 countries around the world. PayPoint provides electronic payments collection terminals for clients in the UK, the Republic of Ireland and Romania. It offers internet payments services, including credit and debit card payments for web merchants.
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