EnStream’s mobile wallet acquired by Paymobile

Zoompass mobile wallet

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.

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