Ukash and Payzone agree major new deal

Ukash and Payzone have agreed a new deal that will enable the provision of prepaid card reloading services for MasterCard rePower at over 18,000 Payzone outlets across the UK.

Ukash, which is rapidly expanding its global footprint and range of services, has been working with MasterCard to launch MasterCard rePower, which will allow consumers to load cash onto their MasterCard and Maestro prepaid cards at point-of-sale locations across Europe.

The deal with Payzone will significantly increase the number of outlets where MasterCard rePower will be available to consumers and is expected to go live early in 2010.

To load money using MasterCard, rePower consumers swipe their card and in exchange for cash, their card is reloaded with funds. Ukash will enable this service to be delivered across the UK initially and then across Europe via partners within its merchant estate. The value of the transaction is immediately available for the consumer to spend on their MasterCard or Maestro prepaid card, wherever MasterCard is accepted.