Standard Bank Internet banking customers are now able to buy Ukash vouchers directly from their accounts, which will allow them to shop online without revealing personal details.
Standard Bank already offers the Autopay system, which lets account holders pay online for goods and services directly from a linked account. By enabling Ukash, they are also able to shop and pay online with “cash” wherever Ukash vouchers are accepted.
Geraldine Mitchley, product owner of Autopay, comments: “The initiative with Ukash increases the number of outlets where Standard Bank Autopay customers can shop securely online without a credit card. Giving Standard Bank Internet Banking customers access to secure online shopping and money transfers through AutoPay matches the bank’s customer focused approach.”
David Hunter, CEO of Ukash, explains: “Our aim is to provide a safe and secure environment for consumers to use cash electronically, and this relationship adds simplicity to our product offering, by enabling Standard Bank account holders in South Africa to obtain Ukash vouchers. The e-cash market is the fastest growing sector in the payments industry across the world and we can see that Standard Bank leads the way for that in South Africa.”
Ukash is available at about 420 000 retail locations.