Ukash offers global web brands access to Brazilian market

Friday 15 November 2013 10:40 CET | News

UK-based online cash payment provider Ukash has offered global web brands a legitimate way to overcome Brazilian multi-currency restrictions by extending its availability through convenience stores across the country.

Brazilian consumers will be able to convert their Brazilian Real Ukash vouchers into USD, giving global brands access to the Brazilian market.

Brazilian consumers can purchase a Brazilian Real (BRL) voucher from retail outlets in Brazil and then convert it to a USD voucher via the Brazilian website. The voucher can be used on Ukash’s network of merchant websites, accepting USD. Ukash vouchers can be used across a range of sectors including shopping, gift cards, games, poker and bingo and can be used to pay directly at websites worldwide.

Due to local legislation, Brazilians will need to provide their Cadastro de Pessoas Fisicas (CPF) at registration or when using the conversion tool if they are an existing Ukash user. The CPF will be verified and then details of transactions will be reported on in order to meet local legislation requirements.

Ukash is an online cash payment provider and e-commerce cash payment method which enables consumers to use cash to shop, pay and play online.

In recent news, Ukash has launched a service which enables domestic and international transfers online for consumers who don’t have or don’t want to use bank or credit accounts. The service is powered by money transfer service provider MoneyGram.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Ukash, online payments, multi-currency restrictions
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events