LONDON | UK's new mobile payment method Zapp is now working with payment service providers Trustpay Global, SecureTrading and Checkout.com to deliver thousands more merchants into the Zapp Payment Network.
Zapp as one of their payment methods
Secure Trading, TrustPay Global and Checkout.com will all work to support Zapp Payments, integrate Zapp as one of their payment methods and start its roll-out to merchants in 2014 and 2015. They join the already confirmed Zapp merchant partners Elavon, Worldpay, Optimal Payments, Realex and Sagepay. On the consumer side, HSBC, first direct, Nationwide, Santander and Metro Bank announced their roll out of Zapp to 18 million customers across the UK.
Zapp Mobile Payments
Zapp, an initiative by VocaLink, is the brand name for the payment solution that empowers consumers to make secure real-time payments through existing mobile banking services. By using the Zapp mobile banking app, available for smartphone and tablet, UK consumers are able to pay for goods and services online and in-store, without the need for cash or cards. A Zapp payment is instantly debited from the consumer's existing bank account and does not require users to share their account information with third parties.
Pay, Mobile, Zapp
Research has shown that there are billions of abandoned check outs in the UK and the payment landscape is becoming increasingly complex. Zapp will allow people to make real-time payments from their mobile, unlocking the money in their current account in a simpler and more secure way. Zapp can be integrated into merchant online and mobile checkouts easily and can be used at the point of sale for NFC, QR code or any other system that a retailer has implemented.
All about increasing conversion
Richard Smith, Chief Strategic Officer at TrustPay Global said, “Our services are all about increasing conversion for the merchant and providing robust and secure payment methods for consumers. Zapp’s innovative mobile enabled payment approach supports these aims and we look forward to working with Zapp to provide another payment choice for our merchants and the consumers who checkout with us.”
Zapp has the momentum
“I am delighted to announce this next set of payment partners. We now have many of the most innovative and forward thinking payment providers and acquirers supporting Zapp which is a reflection of the momentum that the Zapp payment network has in the market. We are working hard with all our partners from banks to payment providers to get Zapp’s high conversion, low fraud and highly secure payments into market”, says Peter Keenan, Chief Executive of Zapp.
Sourced from Zapp's Blog, July 3rd, 2014