Electronic payment processor Ukash has announced that it has expanded its services to Argentina, allowing for players from the South American country to deposit and withdraw cash through their website.
Originally Ukash services were available only in Buenos Aires, although the new expansion will allow users throughout the country to utilize the service.
Ukash's transaction system allows for internet casino players throughout the world to use cash to play casino games online through more than 420,000 retail locations in more than 55 countries. Players will be required to give their full name, ID number and address the first time they use the service.
Commenting on his company's expansion Ukash CEO David Hunter said “Our research indicated that Ukash is perfect for the Argentinean market. For example, over 60% of the population access the internet regularly, with rates of internet access and e-commerce also growing. Bank account penetration in Argentina is relatively low, with cash transactions accounting for 42% of all purchases, compared to just 4.6% card transactions."
“For all these reasons, we knew the opportunity to play online using cash would be well received, and that Ukash could provide a safe, secure and convenient solution for many player’s across Argentina.”