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Retail Technology, Retail technology News

Ukash partners with Shoprite

Wednesday April 7 2010

Online retail partnership makes vouchers available in 560 stores throughout South Africa

Online retail partnership makes vouchers available in 560 stores throughout South Africa


Ukash, the world’s fastest growing online cash-payments company, has signed a deal with Shoprite, to enable consumers in South Africa to purchase Ukash vouchers from 560 supermarkets and hypermarkets.


The Shoprite brand is one of the leading food retailers in South Africa. The 2009 All Media and Products Survey (AMPS) showed more than 14 million individual shoppers, more than for any other supermarket, frequent its stores and that there is a very loyal consumer base, with 39% of Shoprite’s customers shopping exclusively at its supermarkets.


Ukash vouchers will be available in all Shoprite, Checkers and Checkers Hyper stores across South Africa. Every store has a Money Market counter in-store, where customers can buy Ukash vouchers as well as pay their bills, buy airtime and prepaid electricity while they shop.


Designed for flexibility and security


Consumers can obtain Ukash vouchers from Shoprite outlets in any value between the minimum R50 and maximum R1500, which can be split and combined for a more convenient online purchasing.


Ukash said it is the world’s largest prepaid-cash issuing estate, enabling consumers around the world to shop, pay and play online safely using cash. It is a secure payment method developed to protect personal identity and financial information when making online transactions; eliminating the threat of credit and debit card fraud for consumers and repudiations and chargebacks for retailers.


Mark Chirnside, Ukash chief executive officer, said: “We are delighted to be partnering with Shoprite as we pursue our strategic plan to enable cash consumers to shop online anywhere in the world using cash. Opening up the availability of Ukash vouchers across South Africa, where we already have a large presence, means that our virtual cash is one of the most widely available, innovative alternative payment systems offered to consumers in the country.”


Globally, Ukash said it is available at more than 420,000 physical issuing points and spans 30 countries.