ZNAP is a mobile business platform that combines multi-channel mobile payments with value-added services such as loyalty integration, business intelligence, in-app consumer communication and offer marketing.
ZNAP allows consumers to pay at the point of sale via smartphone by downloading an app that links to their pre-stored credit or debit card and scans merchant QR codes. Transactions are authenticated by entering a PIN, and consumers can redeem coupons and loyalty points stored in their ZNAP wallet.
In September 2013, MPayMe signed a new mobile payments agreement with Oxygen8, a UK-based provider of integrated mobile solutions for businesses.
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