Paymob Smart Payments is launching in the US in partnership with ZMBIZI In the arrangement, Paymob will be the SoftPOS solution provider for ZMBIZI, who are working alongside Visa to launch the first U.S Tap-to-Phone pilot in Washington D.C. that targets 50 of the area’s black-owned small businesses.
The Techstars backed fintech’s launch in the US coincides with Visa’s rollout of the first U.S tap-to-phone pilot that will see ZmBIZI’s Z1 devices powered by Paymob. This is part of a six-city SMB revitalization initiative that will cover Detroit, Atlanta, Chicago, Miami, and Los Angeles.
Alpesh Patel, ZMBIZI co-founder described the technology as “A one-stop business solution.”
Through the ZMBIZI app, business owners and their employees will simply tap the app, type in the charge amount, ask the customer to tap their contactless card/e-wallet to the smartphone which sends a paperless e-receipt to the customer in seconds.
Earlier Paymob’s $18.5 million Serie A raise was covered,, alongside an earlier $3.5 million. Earlier this year, Paymob won a spot at the Techstars Hub71 Accelerator Programme‘s class of 2021 in Abu Dhabi for the technology advances in contactless card payment solutions.
Founded in 2018, having noticed a dynamic shift in consumer behaviour, seeing the rise in digital payments, we decided to develop a payment gateway and accompanying digital infrastructure to enable any business to accept payments with the same accessibility and ease as their customers were making them – thus the smartphone terminal was born. In 2021, after three years of development, testing and rigorous certification processes, Paymob Smart Payments was born.
Paymob joined Techstars Hub71 accelerator program in January of this year as we continued to finesse our product while building relationships with channel partners and commerce solution vendors across Europe, Asia and North America. Today, we have established 6 partnerships providing our ‘Tap to Phone’ bespoke solutions, and recently launched our technology in the U.S with VISA naming it their ‘First US Tap to Phone Pilot’.
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