Interesting development here. Recently I saw something about a Chinese venture called QQ for online payments. Now here is Ukash in Europe.
Currently issued in the UK, Ireland, Spain and Germany, Ukash is now available for the millions of consumers in 16 additional countries across Europe who don’t have or don’t wish to use credit or debit cards online.
Source: Finextra: UKash expands across Europe
Place this in context of my earlier post regarding online security… aside form the obvious money laundering issues, this type of payment is one way for a customer to insulate themselves from identity theft, by reducing the point of failure to only the one place they top up their QQ or Ukash.
Bankwatch 
It seems that new payment options are popping up all of the time. Seems to be a the same chicken and egg story with the key being the merchant adoption of the payment service.
A reloadable credit card or gift card issued from a major credit card issuer in my opinion is still one of the safest and most widely accepted payment options.
I do like the very flexible distribution channel of the Ukash model, very convenient.
Ukash is a great option for online shoppers in Europe who historically shy away from using credit cards. Additionally, the use of Ukash and Webmoney (wmtransfer.com) will also open the door for more digital money users and shoppers across Europe. With that combination, WM account holders can buy Ukash to fund Webmoney accounts. This is a big selling point for UK users also. Many great new payment options coming online this year.
Mark Herpel
DigitalMoneyWorld.com