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Ukash was a UK-based electronic money system that allowed users to exchange their cash for a secure code to make online payment. It was acquired by Skrill Group in April 2014 and merged into Austrian competitor paysafecard, acquired by Skrill a year earlier. All existing vouchers expired after 31 October 2015. Remaining ones could be exchanged into paysafecard PINs, Ukash is paysafecard (redirected from www.ukash.com) in May 2016 paysafecard announced completion of the process. Ukash customers successfully shifted to paysafecard
The system allowed users to exchange their cash for a secure code. The code was then used to make payments online, to load cards or Digital wallet or for money transfer. Codes were distributed around the world by participating retail locations, kiosks and ATMs.
In 2013, the company supported the launch of AvoidOnlineScams.net, which offers information about how to avoid online scams and ransomware.
In June 2014 Ukash launched the Ukash Travel Money Prepaid MasterCard, a reloadable prepaid MasterCard for and U.S. dollars that could be used anywhere that accepted MasterCard.
In April 2015 Ukash became part of Skrill Group. As a result, the Ukash online cash voucher scheme was replaced with Skrill Group's paysafecard scheme on 31 October 2015. Ukash distribution stopped on 31 August 2015 and any existing vouchers could be spent until 31 October 2015.
In 2012, the company issued advice to consumers on staying safe with Ukash. It said "The best way for consumers to avoid becoming victims of fraud is to guard Ukash codes like cash. Each Ukash code is unique and like cash, must be kept safe and therefore never emailed or given to anyone else over the telephone."
Ukash was designed solely for making payments online and at participating merchants. Most online scams reported obtained Ukash by asking the victim to email the code or give it out over the telephone.
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