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Ukash appoints David Hunter as new Chief Executive

12 January 2011

London 12 January 2011: Ukash, the Global eMoney Network, has announced that leading industry figure David: Ukash, the Global eMoney Network, has announced that leading industry figure David Hunter has been appointed as the company's new Chief Executive Officer. The former eMoney head of ClickandBuy and Paysafecard will be taking over with immediate effect.

Ukash, the Global eMoney Network, has announced that leading industry figure David Hunter has been appointed as the company's new Chief Executive Officer. The former eMoney head of ClickandBuy and Paysafecard will be taking over with immediate effect.

Commenting on his appointment, David Hunter said, "I am very excited to be joining Ukash and leading the next phase of the company's development. Ukash has evolved in recent years from an alternative payment mechanism into a vast cash-loading eMoney Network, serving customers on six continents. There are many opportunities for us to leverage this network, as we aim to make Ukash the "world leader" in electronic cash-payment transactions. The opportunity of achieving that goal is a challenge I truly relish."

Ashley Head, Chairman of the Board of Directors, said of Mr Hunter's appointment, "David is an established and experienced leader within the payments industry. His knowledge of, and passion for, this market, will be of tremendous advantage to Ukash. It's a very exciting time for Ukash and I know that the company will benefit from David's vision and I look forward to watching it build on its recent success."

Having setup and led eMoney businesses at British Telecom, ClickandBuy and Paysafecard in the past six years Hunter has a track record of leading prepaid ventures into profitable growth and has established himself as a champion of cash-based Electronic Money.

Ukash empowers people worldwide to use cash electronically, irrespective of status, device or boundary, and is available at 420,000 retail locations. Globally, Ukash is active in more than 50 countries.


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