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Vouchers are the prevalent form of recharge for prepaid mobile phones in many countries such as Italy and Spain where well over 90% of consumers use vouchers, and the UK where over 60% buy vouchers at retail.
A luncheon voucher was a paper ticket ( voucher) used by some employees in the United Kingdom to pay for meals in private restaurants. It allowed companies to subsidise midday meals ( luncheons) for their employees without having to run their own canteens .
Ukash was a UK-based electronic money system that allowed users to exchange their cash for a secure code to make payments online. It was acquired by Skrill Group in April 2014 and merged into Austrian competitor paysafecard, acquired by Skrill a year earlier. All existing vouchers expired after 31 October 2015.
Vouchers can be spent in store on shopping or online on grocery home shopping, or used on Clubcard Rewards where they can be worth three times their face value on selected Rewards in the United Kingdom and up to four times their face value in Ireland.
Vouchers are typically instituted for two broad economic reasons. The first reason is consumer choice. A family can choose to where their child goes to school and pick the school that is closest to their preference of education provider. The second reason vouchers are proposed is to increase market competition amongst schools.
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MyVoucherCodes.co.uk is an online voucher code company, currently owned by Future plc.