Until now, merchants needed to purchase purpose-made hardware and software to ensure they could accept contactless payments. With the Z2, these merchants have an all-in-one solution built into a USD 550 smartphone.
Following the introduction of the Visa Tap to Phone pilot in the US in June 2021, ZmBIZI is currently conducting additional programmes ahead of full commercial availability in early 2022.
In addition to being a payments solution for merchants, the smartphone comes with a built-in proprietary rewards system that pays users for shopping, sharing, and searching on their Z2. On average, users will be able to earn USD 10 per month from regular usage. Reward points can be redeemed into cash via a Visa Debit Card, which can be used at any ATM or store.
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