Ukash chooses Limonetik to accelerate development of online cash services with France’s top 100 e-retailers
Ukash, the market-leading online cash service, has selected Limonetik to help accelerate its expansion in the French e-commerce market. Ukash can be purchased at more than 460,000 locations around the world (currently 57 countries), including more than 42,000 points of sale in France, enabling consumers to use cash to shop, pay and play online safely, securely and conveniently. By working with Limonetik, Ukash will be made available as a payment option on larger e-commerce sites instantly:
- without having to connect to multiple payment platforms (PSP)
- without heavy integration with back office merchants.
Developed to protect personal identity and financial information when making online transactions, reducing the threat of credit and debit card fraud for consumers, Ukash has no age limit, so consumers of all ages can make the most of safe payment online. This makes it a valuable alternative payment method for online retailers who want to reach the widest possible audience.
“Through Limonetik, our growth into the French market will be much quicker,” explained David Hunter, CEO of Ukash. “The service will be live on ecommerce sites in just a few weeks, rather than taking up to two years to get the same result if we had to connect ourselves to each website or payment platform. This invaluable acceleration will allow us to be adopted by users more quickly and will support our retail partners, demonstrating strong return on investment within much shorter timescales.”
Limonetik has developed a technology that transforms the cash flows in standard credit card payments, the use of which is compatible with all payment gateways (psp buyer) existing in Europe and already accepted by all major e-tailers. One connection Limonetik enough for any means of payment is instantly “compatible” with all the signs of the web.
Limonetik also allows these payment enrich payment pages quickly and easily with marketing tools and loyalty: loyalty points, vouchers, promotions, additional payment with a credit card, etc.
In June 2011, Limonetik completed a fundraising of € 5.1 million from two funds (Newfund and Orkos Capital), a family holding company (Financière Norbert Dentressangle) and prestigious players in e-commerce, electronic banking or finance. Among the main customers Limonetik: PayPal, Sodexo, The Edenred gift card, CACF, BNPP, Accord, Groupon, Smartbox, etc.
Some examples in the TOP 100 e-commerce sites: Cdiscount.com, Voyages-sncf.com Priceminister.com, Belambra.com, mistergooddeal.com, pixmania.com and the Ogone payment platform.
Ukash is the Global e-Money Network 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 more than 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.