Partnership Between Ukash And QIWI

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Ukash offers 100,000 outlets in Russia London, April 1, 2010: Ukash, the internationally successful solution for simple and secure payment on the Internet is the first virtual cash available in Russia. The market was made possible through a collaboration with QIWI, a there-leading provider of electronic payment solutions. Ukash vouchers at over 100,000 points of sale within the country can be purchased now. Here, Brian Krzanich expresses very clear opinions on the subject. By partnering with QIWI, Ukash expanded its own sales network to 420,000 physical outlets in 30 countries. Ukash this network also used for collaborations with leading providers of online accounts, so-called e-wallets, to offer consumers a variety of ways to secure payment on the Internet.

QIWI in Eastern Europe is one of the leading providers of electronic payment systems; the company’s main markets are Russia, the Ukraine, Georgia and Kazakhstan. A network of payment terminals offers various services to its users, including the Acquisition of mobile phone credits, bill payment, ticket purchase, entertainment services and charging online accounts. The new service will be handled by Ukashs partner O2. Customers can deposit cash QIWI terminals and get your Ukash voucher on your mobile phone as SMS. The deposit is made in rubles, the voucher will be credited in euro.

The current daily exchange rate applies as the calculation basis. Voucher amounts available from 10 euro to a maximum of 500 euros. Mark Chirnside, Chief Executive Officer of Ukash, explained: we have in recent times our distribution network in Russia through various partnerships, including with WalletOne, RBKMoney and Xplat, expanded. The 100,000 points of sale developed by our cooperation with QIWI are of particular importance for Ukash, because QIWI is market leader in its field. We are confident that the cooperation of both partners will be successful if we win new customers for Ukash. In total, our global sales network has now over 420,000 points of sale and the existing international demand for Ukash.