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.
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.