The acquisition is expected to have been made in order to broaden smartphone payments positions. Paymobile Inc., a mobile commerce company based in Toronto, Canada, and which also specializes in financial services technology, has just acquired Zoompass, to add to its broad range of virtual and open loop prepaid card programs. Zoompass is a service that was first launched by EnStream in 2009. It was designed as a smartphone and tablet based, payment service with stored value, and which also included links of companion contactless payment cards to matched accounts.…
Read MoreMobile commerce application from Zoompass purchased by Paymobile
