VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/19/13 -- A correction from source has been issued for the release disseminated earlier today at 9:00 AM ET. The content under the section "About Ukash" has been revised. The complete and updated press release follows:
As a leading online money transfer solution, nTrust has joined forces with Ukash, the global online cash provider, to supply consumers with convenient and secure ways to store, spend and send money online. The partnership will allow nTrust users to deposit money using their Ukash vouchers - a fast and easy way to move cash without a bank or credit card.
Available to nTrust users, the new deposit method provides greater online money transfer and payment options to customers from over 35 countries around the world. As a result, Great Britain Pound (GBP) and European Currency (EUR) have been added to nTrust's multi-currency offerings, which currently include: Canadian Dollar, US Dollar, Australian Dollar, and Philippine Peso.
"The partnership with Ukash was, in some ways, an obvious one," said Robert MacGregor, founder and CEO of nTrust. "Ukash has been an innovator since its inception. With this integration, nTrust's users can now use Ukash to deposit funds without having to provide credit or bank card information, making the nTrust platform even more accessible to those who do not wish to share banking details, or those of our customers that have no access to traditional banking."
Malcolm Berg, Director of Merchant Services for Ukash, explains, "Our collaboration with nTrust will give more choice to consumers around the world who may not use traditional banking facilities and who prefer to make online payments using cash to do so securely and conveniently."
To celebrate the new venture, Ukash and nTrust are giving away one thousand Canadian dollars to one lucky winner. nTrust users will automatically be entered into the prize draw by making a deposit to their online Vault using a Ukash code. The competition is open to residents of Canada only and will run until June 26, 2013 with the winner announced on Monday, July 1st, 2013, Canada Day. For competition details, visit www.ntrust.com/ukash.
nTrust is a regulated and trusted global peer-to-peer money transfer platform designed to make moving money around the globe as fast and seamless as sending a text - for free. nTrust is changing the way the world moves money by empowering users to better understand, access, move and use their hard-earned funds. nTrust users can upload funds into their personal Vault directly from their bank accounts, credit or debit cards, or other funding methods depending on jurisdiction. Once a Vault is loaded, nTrust users can instantly exchange funds to other currencies, pay bills or online merchants, load an nTrust prepaid MasterCard® or conveniently send money to other nTrust users around the world instantly and for free. nTrust's proprietary technology uses the highest encryption standards for online banking transactions and is certified with the top global standard for operational and technical security designed by Visa, MasterCard and American Express.
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 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 GBP 200/EUR250 and the maximum amount that can be held by an individual customer is GBP 1,000/EUR1,250 - equivalent values in other currencies apply to both sums.
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