According to the company, with its new offering consumers can "close the loop" on eMoney payments by loading their cash onto a UkashOut MasterCard using their Ukash vouchers.
Consumers can use the prepaid, reloadable card to get cash out from any ATM with the MasterCard logo. The card can also be used anywhere that MasterCard is accepted.
The UkashOut MasterCard can only be bought and loaded with Ukash vouchers. It is available in GBP, US dollars or Euros.
Ukash CEO David Hunter said the UkashOut MasterCard completes the cycle for using cash online, from uploading, to spending, to converting eMoney back to cash. The benefits are widespread: it’s faster, convenient and lets consumers keep track of their spending, budget more wisely and shop from more retailers.
The development of UkashOut MasterCard follows last year’s launch of Ukash PayOut, whereby online credit could be returned to the consumer in the form of a voucher.
