
Using cash electronically
International Payout Systems, known as i-Payout, e-wallet holders can now load up their e-wallets using the Ukash Global eMoney Network, a global e-commerce cash payment method (view press release). Ukash enables people to use their cash electronically by converting it into a unique 19 digit Ukash code at one of 420,000 points of sale around the world. The Ukash code can then be used to make online purchases at participating e-tailers, or loaded onto prepaid cards or e-wallets such as iPayouts’. i-Payout Systems lets merchants manage their finances through their own e-bank account and provide their distributors and representatives around the world with access to funds online and via mobile 24/7.
“Our goal is for everyone in the world to have the opportunity to participate in e-commerce on computer or mobile device – any country, any currency, anytime,” said i-Payout.com CMO Joseph Devlin.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more