Zumo launches virtual Visa debit card
Zumo, the Edinburgh-based crypto wallet, has today announced the launch of its Zumo virtual card. This new product allows users in the UK to make purchases at any online retailer which accepts Visa.
Zumo is the first non-custodial crypto wallet to offer users the ability to hold GBP in their wallet to then spend with a Visa card.
The virtual card is the result of a partnership between Zumo and digital payments platform Modulr. Modulr provides the underlying GBP payments infrastructure upon which Zumo builds and enhances its services.
The partnership with Modulr was announced last year and allowed Zumo to develop a seamless cash-to-cryptocurrency payments system complete with GBP functionality.
iSignthis Ltd (ASX:ISX) Annual Report to Shareholders
Annual Report to ShareholdersMelbourne, Mar 9, 2021 AEST (ABN Newswire) - In 2020, with the build out of the Group s our own Tier 1 card scheme and central banking connections and infrastructure complete, the business has focused on the development of new products and services for our customers, as well as continuing to grow our Customer Base in our Re-Tech Solutions division. We also made a significant investment in NSX Limited ( NSX ), and are starting to see NSX make significant progress as it builds out its own technology stack.
Business Update
In 2020 the growth of the business was impacted by the ASX suspension, which caused the Company to lose several suppliers and customers, especially in Australia. Despite this, the Company has continued to grow revenue in 2020, up 21.6%. Pleasingly the Company saw strong revenue growth from transactional banking services as we continue to diversify our revenue streams.
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