Ukash Wins the Queen's Award for Enterprise for a Second Year Running

LONDON, April 24, 2012 /PRNewswire/ --

Ukash, the Global eMoney Network that allows consumers to spend their cash online, has been awarded the Queen's Award for Enterprise for the second successive year in the International Trade category by Her Majesty The Queen.

The prestigious award for outstanding achievement, which recognises UK businesses that have delivered substantial growth in overseas earnings and improved levels of commercial success globally, marks another year of continued expansion for Ukash.

Recent successes for the company, include expanding its reach in markets where Ukash was already available in Europe (including Belgium, Germany, Italy, Portugal, Russia, Spain, the Netherlands and Ukraine) as well as launching in Denmark. Beyond Europe the company has also expanded in Australia, New Zealand, Canada, South Africa, Brazil, Mexico, Colombia and Argentina.

In the last five years, Ukash has expanded from 8 to 57 countries, and is now available at over 420,000 physical points of purchase across six continents.

Ukash has reported 85% year-on-year growth in both 2010 and 2011 and projected growth for 2012 remains in excess of 70%. Customer satisfaction is another indicator of Ukash's success, with 89% of customers saying they would recommend Ukash.*

The Queen's Award for International Trade is awarded annually, on the advice of the Prime Minister, who is assisted by an Advisory Committee chaired by the Chief Executive of United Kingdom Trade and Investment. Applicants need to demonstrate their commercial growth with figures detailing profitability, market share and performance.

David Hunter, Chief Executive Officer of Ukash said: "Last year, Ukash's first Queen's Award was a significant achievement for the company. To win the prestigious award a second time is a remarkable accolade which reflects the relentless work from our staff and partners to build on Ukash's growth and profitability globally. It's these ongoing efforts that have enabled more and more consumers all over the world to spend cash online safely and simply. In the future we have more plans to enhance Ukash's service - and we endeavour to maintain the high performance HM the Queen has recognised over the past two years."

Ukash empowers people to exchange their coins and banknotes for a unique 19 digit Ukash code, which can be used as payment at thousands of websites. With Ukash, online payments are safely, securely and convenient, with no need to reveal personal financial information.

*figures from a Ukash survey of 3,000 users in December 2011

For more information on Ukash please visit: http://www.ukash.com/media/48666404/pr_boilerplate.pdf 

Contact: Leila Dukes + 44(0)20-7392-1987