Egypt-Based Fintech Paymob Is Launching In US In Partnership With ZMBIZI In Arrangement, Paymob Will Be SoftPOS Solution Provider For ZMBIZI.
Egypt-based fintech Paymob 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 Egyptian 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.
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.
We earlier covered Paymob’s $18.5 million Serie A raise, alongside an earlier $3.5 million. Earlier this year, Paymob won a spot on at the Techstars Hub71 Accelerator Programme‘s class of 2021 in Abu Dhabi for the technology advances in contactless card payment solutions.
This news was originally published at Tech in Africa.