Ukash Signs Russia Deal; Expects To Announce MasterCard Agreement In April.(News)

Byline: Frederick Lowe

Ukash, a United Kingdom-based firm that sells prepaid vouchers for online shopping, on March 29 signed an open-ended agreement with QIWI, a Russia-based electronic-payments company. Under the deal, QIWI will make Ukash vouchers available for purchase at 100,000 kiosks throughout Russia.

QIWI owns and manages a network of terminals that accept cash payments for mobile phone top-ups, bill payments, bus and rail tickets, and entertainment. Ukash's partnership with QIWI brings to eight the number of agreements Ukash has signed with Russian-based electronics payments companies, says Paul Coxhill, Ukash marketing director.

QIWI also has …