A modern iGaming start-up should support as many settlement methods as possible. These are both the usual Internet acquiring and depositing using Ukash vouchers.
The CASEXE studio describes the features and benefits of installing the software, the nuances of working with the service, and options for integrating the programs.
Ukash is a trademark of the British corporation Smart Voucher Ltd. The firm was registered in the United Kingdom in 2005.
The operation of the service is based on the creation, transfer, and storage of unique vouchers of different denominations. The company issues £10, £20, £50, and £100 banknotes. Customers have the right to use vouchers in various areas, for example, when paying bills for housing and communal services, buying goods on marketplaces, and making deposits on gambling sites.
David Hunter, the CEO of Ukash, commented:
Ukash is a real alternative to online credit or debit card transfers. People can use money digitally without having to reveal their financial information.
The connection of the casino payment system Ukash was appreciated by many gambling companies. The list of the service’s partners includes:
David Hunter evaluated the company's development prospects as follows:
Our branded service is characterised by good flexibility and seamless integration into the modern gaming sector.
We take into account the main needs of the gambling market, such as improved usability, increased protection against fraud, comfortable integration of the Ukash casino payment system, and fast connection with land-based sales points for cashing out vouchers.
Online shopping, multi-user sessions, Skype top-ups, and Facebook credits are growing markets for Ukash. The main share of the developer's transactions is in the gambling industry.
Currently, branded vouchers are sold in over 450 thousand sales points in 57 countries. The program became the most popular in the United Kingdom. The use of vouchers is the second most common settlement method in land-based betting shops, sports pubs, and racecourses in England.
David Hunter noted:
We transact £500 million a year. The UK accounts for 45% of all transfers, continental Europe’s rate is 25% and the coverage of the rest of the world is 30%.
The Ukash payment system for online casinos has been on the market for almost 20 years. During this time, a small family firm has grown into a large international corporation with offices in London and Valletta. In 2015, the provider became part of the largest financial system in the EU, Paysafecard Skrill Group. Despite this, both brands continue to develop independently.
David Hunter said:
We want to turn Ukash into a full-fledged electronic money ecosystem, with cash deposits and withdrawals anytime and anywhere. The priority areas are the implementation of two-click payments, adding transfers using QR codes, and others.
Key dates in the provider's history
The establishment of a UK company by parent brand Smart Voucher Ltd
Taking a leading position in the gambling market of the United Kingdom.
More than 100,000 retail outlets have been opened around the world that accept Ukash branded vouchers. These are Canada, Brazil, Mexico, France, the Netherlands, Uruguay, and other countries
Signing a cooperation agreement with PrivatBank, the largest bank in Ukraine and the CIS.
The financial institution began accepting Ukash vouchers in all branches, the Internet banking service Privat24, and terminals
The connection of the casino payment system Ukash has received several prestigious awards. For example, these are the Best Program for Working with Virtual Cards and the Payment Company of the Year according to EGR B2B
The launch of Ukash Prepaid Mastercard. The solution is available in an electronic version and as a plastic card with traditional security mechanisms (hologram, CVV code, and magnetic stripe).
The solution costs £9, and the monthly usage fee is £1.5
The launch of the online platform AvoidOnlineScams.net for informing gamers about the risks of fraud.
The provider claims that the Ukash payment system for online casinos, like many other Internet projects, remains a desirable target for attackers.
Ukash uses modern security mechanisms (SSL encryption, client verification, and application layer protocols) to instantly block suspicious activity on sites
The signing of a partnership agreement with MoneyGram, a European money transfer service. In the same year, the company entered the promising Latin American market by concluding an agreement with the local financial service Now Prepay Servicos de Informatica Ltd
The merger with Paysafecard Skrill Group. Despite the unification, both firms continue to operate under their brands, issue prepaid cards and voucher products, and launch advertising
Udo Müller, the CEO of Paysafecard, said:
The acquisition of Ukash combined 2 prepaid technologies with strong synergy and maximum audience response.
Customers can pay online as securely and easily as they would do with cash. Ukash expands Paysafecard's global influence and opens up new opportunities for online businesses.
The installation of the casino payment system Ukash is available along with a universal electronic wallet. It stores the history of transactions, a list of land-based sales points for buying vouchers (more than 450,000 establishments), and the rules for working with the program.
David Hunter noted:
The Ukash digital wallet allows users to make online payments and P2P transfers from a PayPal-style stored value account.
The difference between our two services is that Ukash works from voucher to voucher. While the digital wallet service works from one account to another.
The rules for interaction with the financial service are as follows:
The integration of the casino payment system Ukash is available directly, as well as through the company's partners. The activity of the provider is approved by the Financial Conduct Authority (FCA) in the UK.
The recognition helped to conclude profitable contracts with leading banking services in Europe, Asia, and America:
The main advantages of the software are as follows:
The UK-based payment solutions provider operates in the gaming area.
CASEXE offers profitable gambling projects:
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