New payment processor: UKash

Well known online gambling e-cash processor Proc Cyber Services Limited seems to be involved in a new British-focused processing company for online gambling transactions called Ukash.

The result of a joint venture between Smart Voucher and Proc Cyber, the new company's full title is Universal e-Cash Limited, and casinos promoting it have been offering match play bonuses capped at GBP 100 for players who try it out.

The Ukash website, Ukash.com, claims that payments into an account can be effected via any Paypoint outlet. The depositor receives a voucher up to GBP 100 in value with a code number. There does not seem to be a limit to the number of vouchers a player can purchase in this manner, redeemable at the participating casinos.

On the face of it, the new system seems to cater for folks who prefer not to use credit cards online and prefer cash transactions.

2005-04-12