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2014 Prepaid Summit: Europe Awards

Market leading travel money card takes top prize in its first year

London, December 2014 - Ukash, the payment innovator, is celebrating the success of its market leading travel money card less than six months after its launch. The Ukash Prepaid Travel Money MasterCard has won the ‘Open Loop Prepaid Card Programme of the Year’ in the 2014 Prepaid Summit Europe Awards.

“We had absolute confidence that we were offering travellers a market leading solution when we launched the Ukash Prepaid Travel Money MasterCard this summer”, explained Miranda McLean, Marketing Director, Ukash. “Winning this Award confirms that we got it right – giving travellers the best deal in terms of value and convenience.”

The Ukash Prepaid Travel Money MasterCard, is a true market-challenger in the travel money card sector because it has removed all the fees often found in prepaid cards – from sign-up to charges for transactions and cash withdrawals. Additionally, the Ukash business model means that it can offer one of the lowest exchange rates on the market. Ukash believes this is ground-breaking in providing UK consumers with the best tools to spend abroad wisely.

But it’s not just about a great rate. Launched to eliminate the bill-shock experienced by holidaymakers who use their credit or debit cards abroad, there are no charges for sign up or transactions or for checking balances. In fact, apart from if the card is lost and a replacement is needed or to close it, the Ukash Travel Money card is fee-free.

Tackling the big bug-bear of many holidaymakers, ATM withdrawals abroad are also completely free of charge with the Ukash Travel Money card – providing a fee-free ATM is used. No longer do UK travellers have to worry about paying a service fee and a currency conversion charge when using a debit or credit card to withdraw cash abroad. And that means the Ukash Travel Money card definitively offers the best way to make holiday money go further in Europe and the USA. With 1 in 3 Brits* saying they are left shocked after opening their post-holiday bank statement, but nearly 40% of those who use debit cards abroad admitting that they don’t check details of potential charges before they head overseas, it is not surprising that they face such high charges. For complete control of spending – and the best possible exchange rate –the Ukash Travel Money card is the solution for holidaymakers.

*Populus poll conducted May 2014 – 2000 respondents


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For further press information or interviews please contact the Ukash Press Office at HSL: Clare Watson, Ed McCambridge, Parm Evans or Wendy Harrison. +44(0)208 977 9132.

Notes to Editors:

Ukash is the global online cash payment provider and internationally recognised e-commerce cash payment method that enables consumers around the world to use cash to shop, pay and play online safely, securely and conveniently. This secure payment method was developed to protect personal identity and financial information when making online transactions, reducing the threat of credit and debit card fraud for consumers and repudiations and charge-backs for retailers. Ukash has no age limit, so consumers of all ages can make the most of safe payment online.

Ukash codes are purchased with cash in retail outlets such as shops, petrol stations and kiosks, and issued online from the company’s website. The unique 19 digit codes can then be used to pay directly on any of the thousands of websites that accept Ukash transactions worldwide, or loaded onto prepaid cards and e-wallets.

Established in 2001 under the holding company Smart Voucher Ltd, Ukash® has grown to more than 460,000 physical points of purchase, and is available in over 50 countries around the world in 6 continents.

Ukash is regulated by the UK Financial Conduct Authority (FCA). The maximum single value allowed is £200/€250 and the maximum amount that can be held by an individual customer is £1,000/€1,250 – equivalent values in other currencies apply to both sums.

This press release was distributed by ResponseSource Press Release Wire on behalf of Harrison Sadler in the following categories: Personal Finance, Travel, Retail & Fashion, for more information visit