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Ukash Partners With Transact Network

To launch Virtual Card for online consumers that allows them to spend cash online anywhere MasterCard is accepted

Ukash has entered into an agreement with Transact Network, a prepaid MasterCard issuer, to bring ‘virtual card’ that can be spent in MasterCard merchants worldwide and addresses the needs of the cash customers. This product is expected to be available to consumers by Q4 2009.

Mark Chirnside, CEO of Ukash, said: “Our vision has always been to allow everybody, anywhere in the world, to shop online and this innovation is a major milestone for Ukash in achieving our goal. For years those without access to credit and debit cards and those nervous of utilising cards online have missed out on special offers and services that are available to internet shoppers and we are delighted to offer a more socially inclusive solution.”

“Now, consumers can use one of our ‘virtual cards’ and spend their cash at hundreds of thousands of websites and enjoy the benefits of ecommerce that so many people have been benefiting from for years,” he added.