www.ukash.com

04/13/2023

1www.ukash.com

Andrea McGeachin

Commercial Director

OPEN THE VIRTUAL DOORS TO CASH

www.ukash.com

Cash spent online delivers significant growth

Have to use cash - no formal mechanism to pay online

• 38% of UK consumers with internet access do not shop online (ONS)

• "Reports of the death of cash are premature. Cash is not only alive, it's thriving” (British Retail Consortium)

• Cash accounts for c. 55% of retail transactions (BRC)

• 60% of consumers are more likely to shop at a website if alternative payment options are offered (e-consultancy)

Want to use cash - don't want to use card online

• 90% of consumers fear online fraud (Source: Shopsafe). Cebr predict the e-commerce fraud will grow from £165.2m in 2011 to £195.3m by 2015 – registering annual growth of 4.3%.

• 50% of consumers don’t shop online due to fear of fraud (Verisign).

• Just 31.3% of the 55+ group shop online compared with 73.4% of 35-44 year olds (Verdict)

• Global Collect research demonstrates an uplift in conversion of over 20% when 4 or more new payment methods are available

www.ukash.com

Cash not accepted!

www.ukash.com

All accept cashover 17 currencies

www.ukash.com

What do the businesses gain from accepting cash?

% UK Population TOTAL MALE FEMALE

Social Grade C2 20.7% 9,964 5,395 4,570

Social Grade D 16.2% 7,819 3,712 4,107

Social Grade E 8.1% 3,916 1,435 2,481

• These consumers; • Pay their utilities with cash every week• 23% of the 3m daily online Bingo players use cash to deposit and do so

2-3 times per week• Most e-commerce misses these users.

www.ukash.com

Cash online reaches rest of the world

67% of EU adults do not have a card

to use online

South Africa Population 49m

and 80% use prepay as

methods to buy online

Brazil population 203m and

37.4% onlineCash is key

requirement

Russia - 91% of card users only use to

get cash out of the ATM

AustraliaOver 60% of

55+ age group fear fraud

online

www.ukash.com

Cash brings security to merchants

• Assured funds – this really does mean zero charge backs

• Cash is collected from over 500,000 locations across 6 continents with security / guarantees in place

• All monies collected are in a regulated manner kept segregated until its time to settle to the merchant

• Cost of handling cash versus all the processes to handle cards and the administration is circa 1.25% less

www.ukash.com

• Customers go to local shops, Post offices, Interactive kiosks and ATM’s

• Give cash in local currency to receive a voucher back

• Vouchers can be cards, receipts, SMS messages – unique

www.ukash.com

Comparing pre and post-paid solutionsConsumer chooses to

pay with cash

voucher

Uses prepaid voucher

Sale completes

Assured funds to merchant (no-chargebacks)

Stock shipped

Refunds would be re-issued voucher back to

user

Post paid has to wait for customer to go to shop before any goods can be shipped.

2 part payment flow.

www.ukash.com

Managing risk and compliance

• Dedicated risk/compliance team and anti-money laundering capability

• Ukash, like some others have full E-Money license (EMLI) - ensures compliance with the FSA/e-money regulatory practices

• This is achieved through: Full KYC of all distribution & redemption partners Management of voucher limits by geography, partner

and per voucher Full traceability of each voucher from issuance to

redemption

Traceability of cash through e-money is supported by all the official police and crime management authorities

Risk & Compliance

Anti-money laundering procedures

End-to-end voucher

traceability

Introduction of new

Customer Management & KYC tools

FSA regulation

and compliance

Similar risks and targeting by fraudsters as cash in banks; the companies take risk management seriously

www.ukash.com

What is it Geography reach

Benefits Costs to consumer

Other considerations

Pre-Paid voucherNo registration£5 - £500

48,000 POS – UK500,000 + in 55 countries

Assured fundsVariable valuesSimple user experienceChange given

ZERO Smart Voucher patented solution for promotional usage

Post-paid

No registration

UK only 35,000 POS

Assured fundsSimple user experience

ZERO Merchants can get logistics issues awaiting user to go and pay, or not.

Pre-paid voucher No registration£20 - £100

26,000 UK POS250,000 EU

Assured fundsSimple user experience

2% Part of the Paysafe Group

Pre-paid voucher/cardNo registration

26,000 UK350,000 POS in 26 countries

Assured fundsNo registration

ZERO Use CashTicket in E-Commerce category

Post-paid No registration

26,000 UK Assured funds ZERO Only available to merchants on PSP platform

Pre-paidRegistration required

20,000 – 26,000 UK Card process 2%-6% various fees Consumers not really seeing as a cash solution yetPrePaid Cards

Cash Solutions

www.ukash.com

Cash online growth 12x overall eCommerce growth over 3 years

• Cash eCommerce has grown 532% or 85% compound

– Source: Ukash audited sales growth as featured in the 2011 Tech Track 100 list

• General eCommerce has grown 43% or 13% compound

– Source: IMRG Capgemini e-Retail sales index grew from 4737 to 6797 between Aug 08 to Aug 11

www.ukash.comwww.ukash.com

Thank You