Following a recent venture capital investment by San Francisco based Blumberg Capital with participation from TriplePoint Capital and the founder of Fashionmall.com, Ben Narasin, ZipZap has launched its Global Cash Transaction Network. The service enables consumers to make purchases, pay bills and top-up prepaid cards and online mobile accounts using cash rather than card.
CashPay, the first cash transaction product from ZipZap was launched today, enabling e-commerce merchants to offer consumers the option to make cash purchases online. Following the online purchase, a payment slip is then printed off and taken to a Payment Centre where the consumer pays in cash. The company has a worldwide network of more than 700,000 payment centres including banks, post offices, grocery stores, kiosks and convenience stores.
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