The alternative payment system is also available in the UK, mainland Europe, South Africa and Australia and has an existing global network of 275,000 physical points of purchase.
Mark Chirnside, COO of Ukash said: “Our international expansion continues and we are excited by the potential South America has for us.”
“Our proposition helps the unbanked and those who fear online fraud to shop online safely using cash and we believe that Uruguay, and South America as a whole, is a potentially huge growth market for us,” added Chirnside.