The new Z2 smartphone combines the power of payments within the simplicity of a smartphone to create a smart point-of-sale for businesses to get paid on the go
ZmBIZI, the company unifying mobile hardware, social purpose, and cutting-edge fintech, announces the release of its first flagship smartphone, the Z2. The Z2 accepts TAP and PAY™, removing the need and cost of an external point-of-sale terminal.
Contactless payments, which had already been gaining traction before the COVID-19 pandemic, have become ubiquitous over the last 18 months. Until now, merchants needed to purchase purpose-made hardware and software to ensure they could reliably accept contactless payments. With the Z2, these merchants have an all-in-one solution built into a $550 smartphone.
Following the successful introduction of the Visa Tap to Phone pilot in Washington, D.C. in June 2021, ZmBIZI is currently conducting additional programs in Los Angeles, CA and Atlanta, GA ahead of full commercial availability in early 2022.
“This is not just another smartphone,” said Alpesh Patel, co-founder and CEO of ZmBIZI. “We know the world does not need another phone – but as a minority-owned business it is not about the power of the camera or how a phone is able to fold; it is about creating direct impact for small businesses in communities across the U.S. by putting the power of payments directly into their hands.”
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 $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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