Ukash, the global e-money network, has been honoured in the Queen’s Awards for Enterprise for the third consecutive year for its outstanding contribution to International Trade.

At the heart of the Ukash mission is the empowerment of cash consumers in the online world. This latest Award reinforces the company’s sustained commitment to this goal which has resulted in a phenomenal 65% year on year growth. Processing eMoney transactions throughout the world, Ukash enables consumers who either cannot or do not want to use traditional credit and banking cards to access online products and services. Ukash is a genuine example of consumer financial empowerment and, therefore, makes a significant contribution to trade globally.

The Ukash brand, recognised by the Queen’s Award as one of Britain’s best performing exporters, focuses on key groups that can benefit significantly from the advantages of online cash; in particular consumers of all ages and nationalities and online merchants.

Commenting on the repeated success of Ukash, David Hunter, Chief Executive Officer said: “This is a remarkable achievement for Ukash, recognising our contribution to UK exports. As we celebrate winning the Queen’s Award for the third year in a row, we believe there are very few companies who have achieved this accolade. The fact that the Queen’s Award is given on advice from the Prime Minister, makes receiving it an even greater honour.”

Ukash is working with PayPoint on plans to release the Cash Withdrawals service, which enables users to access cash without using a debit or credit card. The service is expected to be launched in April 2013 and enables users to turn gaming winnings or spare Ukash back into cash at more than 24,000 PayPoint locations across the UK. Until now, change from Ukash transactions or gaming winnings, would be returned to the user in the form of a new unique code, which could then be used to make further purchases, or combined with other Ukash codes.