LONDON – Monday February 2016 – After the acquisition of prepaid voucher stalwart Ukash by its rival competitor Paysafecard, a new Australian-based entrant called “Flexepin” has hit the market spurring competition in the established prepaid voucher deposit payment space.

Flexepin – launched in Australia during November 2015 – has jumped from the starting gates by signing on and launching with two industry icons, Ladbrokes (Australia) and bet365 and inking merchant deals with the Australian based James Packer-backed wagering operator CrownBet and with the Malta based Betway Group.

Just like Paysafecard, the new Flexepin voucher works exactly like cash which is ideal for gaming operators looking to extract the most value from their customers – especially as more punters are playing everywhere they go on their mobile.  Flexepin vouchers are available to purchase in Australia in seven denominations ranging from AUD$20 to AUD$500.

Customers can simply purchase a Flexepin voucher with cash from over 7000 retailers across the epay network in Australia (including newsagents, supermarkets, petrol stations, convenience stores and other independent retailers) and then simply redeem them as a deposit option using the 16-digit activation PIN – starting with Ladbrokes and bet365 as the first two local Australian wagering operators that are actively accepting Flexepin on their cashiers.