Media release article

London 22 September 2009 – The rapidly expanding global cash payment solution Ukash has announced today its unique vouchers are now available as a payment method on MadBid.com, the penny-auction phenomenon that everyone’s talking about.

Ukash vouchers, which allow consumers to shop, pay and play online using cash, are now accepted on www.MadBid.com in the UK and Ireland for millions to make bids on new products like Nintendo Wiis, iPods, laptops, digital cameras and LCD TVs which sell for prices that can only be described as totally mad.

As a completely safe and secure payment method, Ukash vouchers appeal to the large unbanked community and those who fear online fraud. MadBid.com attracts thousands of users to its site who bid on a range of products in a second-by-second auction, and by accepting Ukash Madbid.com is giving its users more flexibility to pay online using cash.

Mark Chirnside, CEO of Ukash said: “Madbid.com is an innovative and exciting internet business that appeals to a large range of consumers. More and more people are looking for new ways to shop online and Madbid provides excellent value for customers in an exciting format that can be enjoyed from the comfort of their own home. There is a great synergy between our two businesses and we are sure that our partnership with Madbid will be a great success.”

MadBid.com’s Managing Director Juha Koski said: “Ukash will expand MadBid.com’s payment platforms and gives our users the full range of payment options. Now MadBidders can participate in our online auctions using cash, which is perfect for people who do not have or don’t want to use credit or debit cards.” 

Ukash, which is available in the UK, mainland Europe, South Africa, South America and Australia has an existing global network of 275,000 issuing points and can be obtained online in several European countries.