Zoompass Holdings Inc. (Ticker: ZPAS +7.7%) has become the heir apparent in the rapidly growing world of ‘Mobile Money”.
We all knew a disruptor to financial services of this magnitude would eventually emerge, however the speed at which Zoompass did it has investors worried that they missed the party.
Lucky for them – this FinTech growth story is just warming up and there’s plenty of runway ahead!
Most people remember when PayPal – the 50 Billion Dollar Market Cap monster, burst onto the scene and made it a seamless process to get cash from my wallet to yours through the web. Since then, they’ve enjoyed the luxury of being the unfettered payments incumbent with little competition.
However, the lightning speed at which mobile technology has advanced, dramatically elevated the abilities and expectations among consumers, and especially the banked and unbanked people around the world. This has produced an enormous opportunity in the FinTech space that the Zoompass team has been strategically preparing for. Their supremely unique and innovative mobile banking and card programs have given birth to a financial services platform on steroids, which is garnering attention from growth-seeking investors in all corners of the markets.
The early enthusiasm in the market centers on the revolutionary platform which literally virtualizes a comprehensive menu of transactions not previously found all in one place! We’re talking; tap and pay instore, worldwide money transfer utilizing live exchange rates, Pre-paid Credit Card loading directly from bank accounts, payroll administration, merchant and bill payments, AND the ultimate game-changer being launched in 2017 – mobile micro-lending!
Certainly makes the over-sensationalized Android and Apple Pay look embarrassingly limited by comparison doesn’t it?
The Uber Effect
Today’s consumer wants things done their way, on demand, and through the device of their choice. This movement in the marketplace has been dubbed; “The Uber Effect” and it has been top-of-mind for the Zoompass management team from Day 1. Since brilliantly acquiring the well-seeded mobile wallet platform from a consortium of the Big 3 Canadian Telco’s (Bell, Rogers & Telus), Zoompass has made all of the right moves to get out in front of the competition and become financial service provider of choice for the future.
Zoompass users can access their services through traditional web, smartphone and tablet apps, AND remarkably – even through their basic cell phone via USSD – which is a fancy way of saying: NO INTERNET REQUIRED!!! Just think of the possibilities for client capture in the emerging markets where USSD is the most popular access medium for mobile services! The fact that the BRIC countries alone make up almost HALF of the entire world’s population (Source: MarketRealist ), should give you a sense of the potential reach their platform, armed with this capability, has in its sights.
It’s also important to note that this is all offered with global fraud protection, making them the ONLY mobile banking design firm including this in their package!
Consider this for a moment: According to The World Bank; the Mobile Wallet and Global Remittance market is currently a “600 Billion Dollar market and is expected to rise to 636 Billion in the next year alone.” (Source: WorldBank) Things get even more attractive when you see the forecast provided recently by MasterCard who sees the; “global prepaid credit card market reaching 822 Billion Dollars by 2017!” (Source: MasterCard)
Follow the Money!
The “FinTech” industry has been attracting enormous amounts of investment dollars as Venture Capitalist and legacy players’ alike attempt to get their lasso on the next raging bull to come alive in the space! According to a recent Business Insider Fintech Report; 19 Billion dollars of funding plowed into the sector in 2015 which was followed up by more than 15 Billion in the first 3 quarters of 2016! (Source: FinTech Report 2016)
Growth investors are especially bullish on Zoompass due to their incredible platform hitting all of the right notes to date. More specifically, the platform provides innovative and in-demand capabilities, it’s highly scalable, it provides a high-margin/low cost recurring subscription based revenue stream, and possesses game-changing products such as Micro-Lending in the pipeline!
All of the investment indicators are suggesting Zoompass is in for a heady run and based on their track record thus far – this could be one you don’t want to be watching from the sidelines!
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