Credorax Partners with ZooZ to Bring an In-app Payment Solution to Mobile Apps

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Partnership set to bring secure and easy-to-implement payment processing to smartphone app developers

The cooperation between Credorax and ZooZ is ideal. Both companies stand on the cutting-edge of mobile commerce trends and technology.

Credorax (http://www.credorax.com), a leading provider of Smart Acquiring Solutions enabled by NextGen Technology, announced today its partnership with ZooZ, developer of an advanced payments platform for mobile apps. This latest agreement will enable ZooZ and Credorax to provide mobile application developers with a robust, end-to-end, payment processing solution.

ZooZ re-invented the mobile checkout by providing a fast, seamless and secure way to enable in-app payments for physical goods in the retail, travel, entertainment and content arenas. To date, thousands of app developers have already registered for the service since its official launch in April of this year.

"The cooperation between Credorax and ZooZ is ideal. Both companies stand on the cutting-edge of mobile commerce trends and technology: ZooZ with its in-app payment processing and Credorax with its Next Generation Smart Acquiring," commented Moshe Selfin, Chief Revenue Officer at Credorax. "I believe that together, we can help dramatically increase checkout conversions within the burgeoning mobile commerce market."

"The ZooZ-Credorax cooperation is a first of its kind in the EU. This partnership brings unprecedented value to merchants seeking a fully comprehensive mobile shopping solution that includes both a next generation payment processor and one of the world's most advanced mobile checkout solutions," said Oren Levy, Co-Founder & CEO of ZooZ. "We are very excited at the possibilities that this partnership can bring, both to our companies and to the mobile arena as a whole."

About Credorax
Credorax is a leading provider of Smart Acquiring Solutions enabled by NextGen Technology. An EU licensed Financial Institution and Principal Member of Visa and MasterCard, Credorax’s partners and customers include PSPs, agents and merchants. Credorax’s smart acquiring solutions are based on the company’s proprietary payment platform: ePowerTM, a Unified Transaction Processing & Acquiring platform built to optimize the payment and acquiring lifecycle process. Enabling fast and fully digital onboarding, customizable solutions and dedicated professional services, Credorax provides real time authorization processing, efficient transaction clearing & settlement, low transaction fees, high approval rates and advanced fraud management tools.

About ZooZ
ZooZ offers a fast, secure, and easy-to-use mobile payment solution that enables developers and businesses to increase shopping conversion rates. Through its developer-friendly SDK, mobile app developers around the world can quickly integrate the in-app mobile payment and checkout options offered by ZooZ into their Android, iOS, HTML5 and hybrid apps in under 10 minutes. Founded in 2010 by a team that includes a former executive leading VeriSign’s Fraud Detection group, ZooZ aggregates multiple payment sources into one universal solution, providing users with a branded, fast and easy checkout experience. The company’s patent-pending, bank-grade security technology also keeps user information secure in PCI-compliant servers. ZooZ is already implemented in millions of mobile devices worldwide.

For more information, please visit http://www.zooz.com.

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Kira Tchernikovsky
Credorax
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