ZipZap, the global cash transaction network, is partnering with Softgate Systems to extend its transaction payment location network to around 18,000 independent agent locations (view press release). Softgate Systems operates what it claims to be one of the largest networks of financial distribution and walk-in bill payment centres in the US. Through the new partnership ZipZap will integrate into this network to enable its cash preferred users to complete transactions at more local merchants in their neighbourhood.
“Partnering with Softgate enables us to rapidly expand our payment centre network into local communities across the US,” said ZipZap CEO and founder Alan Safahi. “This expansion will provide consumers with more locations to make payments for ZipZap transactions at the neighbourhood stores they frequent regularly.”
In another big deal for the global payments industry this week, credit card firm Visa has inked a partnership with digital payments processor PayPal.
The five fintech startups joining credit card company’s Capital One’s new fintech accelerator in Nottingham have been named, including Credit Kudos, Multisense, Pariti, Warwick Analytics and WealRo.
Europe continues to see rapid adoption of emerging payment technologies as consumers in digitally savvy countries like Sweden and the UK continue to drive adoption of methods like contactless across the region. In our latest infographic we take a look at what the latest numbers tell us about the evolution of payments in the region and what they tell us about the future of cash, cards and contactless.
According to new research commissioned by global payments provider TNS, more than a quarter (28%) of people aged 25 to 34 have already made a biometric payment, and are leading the way in the take up of this new technology.