12/08/2011
By Scott Thompson
Standard Bank internet banking account holders are now able to buy Ukash vouchers directly from their accounts. The South Africa-based bank offers the Autopay system that enables its account holders to pay online for goods and services directly from a linked account. Now enabling Ukash, customers can shop and pay online with “cash” wherever Ukash vouchers are accepted.
Geraldine Mitchley, product owner, Autopay says “The initiative with Ukash increases the number of outlets where Standard Bank Autopay customers can shop securely online without a credit card. Giving internet banking customers access to secure online shopping and money transfers through AutoPay matches the bank’s customer focused approach”.
David Hunter, CEO at Ukash, comments: “Our aim is to provide a safe and secure
environment for consumers to use cash electronically, and this relationship adds simplicity to our offer by enabling Standard Bank account holders in South Africa to get 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.”
