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ZipZap launches CashTabs

Wednesday 9 October 2013 | 12:32 PM CET

US-based cash transaction network ZipZap has launched CashTabs, a solution for digital wallets, digital currency exchanges, prepaid card providers, and similar businesses to enable their cash preferring consumers to add value to their account through ZipZap’s global network of payment center locations.

Each CashTab number is linked to the consumer's account at their wallet, currency exchange, or prepaid card provider, and is granted only after KYC validation is achieved. Once a CashTab is created, the consumer may use that CashTab number to deposit funds to their account at one of ZipZap's Payment Centers.

Also, ZipZap has announced integration with Ripple wallet as the first CashTabs partner. Ripple is an open-source protocol that enables payments to merchants, consumers and developers with no chargebacks and in any currency. Using CashTabs, Ripple users can fund their wallets with cash without needing a bank account.

Founded in 2010, ZipZap enables consumers to use cash to make online purchases, pay their bills and fund e-wallets, prepaid cards and mobile accounts. Through a global network of 700,000 payment centers, consumers in the US, Russia and Brazil can complete transactions using their local currency.

In recent news, international Payout Systems (i-Payout.com), a provider of global pay-in-payout services, has expanded its alternative payment options for the e-wallet payment platform by adding ZipZap.

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