Expanding in Brazil
Ukash and VendTek Systems, a developer and licensor of software for the global pre-paid and financial services markets, have joined forces in a commercial alliance between Ukash and VendTek’s wholly-owned Brazilian subsidiary, Now Prepay Servicos de Informatica Ltd.
As a result of the partnership, Brazilian consumers will be able to purchase Ukash vouchers in Brazilian Real at participating Petrobas and other independent stores across the country. The number of locations at which consumers can buy Ukash vouchers in Brazil is growing every month and customers can go online to find their local store. They will be able to spend the vouchers at 3,500 e-commerce and digital entertainment websites around the world.
The alliance will also enhance the Now Prepay offering for Brazilian retail merchants. By adding access to Ukash as the online cash payment option, internet retailers operating in Brazil will be able to reach more consumers.
David Hunter, Chief Executive Officer, Ukash added: “Brazil is an important market for Ukash with a large consumer population that either don’t want to use bank or credit details online or don’t have access to these facilities. The fact that the Brazilian Real is not accepted on a lot of websites has also been a challenge for both consumers and online retailers operating in the country. Through our partnership with Now Prepay we can give global and local online retailers, access to the valuable Brazilian marketplace as well as facilitating great online deals for Brazilian consumers.”
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