Based on the agreement, users will be able to exchange Ukash codes into cash at more than 3,000 ATMs of Bank Machine in the UK, without using a debit or credit card.

Using the new services, Ukash’s customers can also exchange their vouchers into cash.

Ukash CEO David Hunter said that the new service has been designed to give consumers the utmost flexibility, while enabling e-commerce retailers to add it to their payment options.

"The partnership between Ukash and Bank Machine, the longest-established independent ATM operator in the UK, will make Bank Machine the first non-bank operator to offer cardless cash withdrawals at ATMs," Hunter added.

Without disclosing personal financial information, a unique 19 digit codes allows consumers to spend cash securely on thousands of websites that accept Ukash transactions worldwide.

Founded in 2001, Ukash has grown to over 465,000 physical points of purchase, including 50,000 in the UK, and is available in over 57 nations throughout the globe.

Consumers of all ages can make the most of safe payment online, while decreasing the threat of credit and debit card fraud for consumers and repudiations and charge-backs for retailers.