KaliteUKASH

About KaliteUKASH

Ukash was a United Kingdom-based electronic money system founded in 2005 under its parent company, Smart Voucher Ltd. The firm provided a method for consumers to make payments online by exchanging cash for a unique 19-digit code, effectively acting as a prepaid voucher system. This catered to individuals who preferred not to disclose personal financial information online, offering a layer of security and anonymity. The business model centered on distributing these voucher codes through a global network of retail locations, kiosks, and ATMs.

The service allowed users to make purchases, load e-wallets, or transfer money using the secure code. If a purchase was for a lesser amount than the voucher's value, participating merchants could issue a new code for the remaining balance, similar to receiving change in a cash transaction. This system was particularly prevalent in the online gaming and gambling sectors. In a strategic move to expand its footprint in the prepaid payment market, Skrill Group (formerly MoneyBookers) reached an agreement to acquire Ukash in late 2014. Following the acquisition, which was completed in April 2015, Ukash was merged into Skrill's existing paysafecard service. The distribution of new Ukash vouchers ceased on August 31, 2015, and all existing vouchers became invalid after October 31, 2015, marking the end of the brand's operation.