The mobile wallet solution created by mobile-commerce provider, EnStream, has been acquired by Paymobile, a financial services technology company providing programme management services for open loop prepaid and virtual card programmes (view press release). EnStream’s Zoompass is a mobile-based, stored-value payment service, which comes with a contactless payment card linked to the same account. Zoompass allows P2P money transfers and online transactions, while the companion card allows cash withdrawals and transactions at retail locations that accept card based payments.
The solution is available through iTunes, Google Play and Blackberry app stores.
Just under three quarters (71%) of European banks and retailers are planning to boost their spending on payment tech within the next two years amid mounting pressure in the market and demand for faster, more secure payments tech from customers.
Wirecard's EVP Global Product Strategy, Christian Von Hammel-Bonten. One of the key things we heard at this year's Money20/20 is that the Home will be the next big hub of commerce and Wirecard's Christian Von Hammel-Bonten explains why.
From the giant of Asia, Alipay, looking to the West for newer and bigger opportunities to a live demonstration of a cardless ATM, here are the five things we noticed on the second day of Money20/20 Copenhagen.
Picking Copenhagen to host the first edition of Money2020 Europe is a coup for not just the Danish capital, but also the wider Nordics, helping shine a new light on the region's thriving tech ecosystems: this time through the lens of financial technology. Here are five of the key things we’ve heard at the show so far. Stay tuned for more coverage!