Mastercard, ZEN launch digital financial solutions to tackle ecommerce challenges

Friday 4 December 2020 13:29 CET | News

Fintech company ZEN in cooperation with Mastercard have launched a suite of digital finance solutions, enabling consumers to pay both online and in-store with contactless solutions.

According to the press release, ZEN users will get a Mastercard card either in plastic or digital-only form and thanks to Mastercard’s tokenization technology, the card can be added to Apple Pay and Google Pay mobile wallets. Besides, the ZEN payment card gives access to exclusive benefits, including cashback and one-year extension of the manufacturer’s warranty. It also provides access to multi-currency account, allowing to pay in 30 currencies with no commission fee.  

Moreover, ZEN’s users, both individual and business clients, do not need to spend time and energy on chargeback claims. Instead, they can report the claim directly to ZEN, which will take care of the procedure on users’ behalf, within ZEN Care package. For entrepreneurs, the ZEN solution provides instant payments flow which guarantees that money transfers are executed within hours from a transaction. All services are managed through a mobile application with a simple, minimalistic design and intuitive user interface, with ZEN support available 24/7. 

ZEN’s products are available in all countries of European Economic Area. With offices in Poland, the Netherlands, and Lithuania, digital money license issued by the central bank of Lithuania and approved by European Banking Authority and local regulators in 31 countries, ZEN provides customer service in English, German, Spanish, French, and Polish, with more languages to be added at a later stage.

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Keywords: ZEN, MasterCard, business partnership, digital finance solutions, contactless payments, cards, Apple Pay, Google Pay, mobile wallets, money transfers, tokenization, ecommerce, cashback
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce