ZipZap, Inc. Selected to Present at FinovateSpring 2012

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ZipZap’s CEO To Present Global Cash Transaction Solutions For Cash-Preferred Consumers At This Year’s FinovateSpring Event In San Francisco

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Cash payment options for eCommerce merchants and the cash-preferred consumers wanting to shop online are in need of the innovation that ZipZap delivers”, said Eric Mattson, The Finovate Group CEO.

ZipZap, Inc., the leading global cash transaction network, today announced that it has been selected to participate at FinovateSpring 2012, May 8-9 in San Francisco. FinovateSpring is a two-day showcase of more than 60 cutting-edge financial and banking technology innovations from leading established companies and hot new startups This will mark ZipZap's first year of participation in the Finovate Conference Series.

ZipZap has created a range of innovative global cash transaction solutions enabling consumers to use cash to make purchases, pay bills, and top-up eWallets, prepaid cards and mobile accounts online.

Currently World Bank estimates that over 50% of the global population are cash-preferred and do not have access to traditional banking or credit. ZipZap’s first round of truly innovative cash payment solutions to be launched at FinovateSpring, coupled with our global network of over 700,000 payment centers, provide the hundreds of millions of consumers worldwide that make up this cash-preferred segment with the ability to shop online securely and pay for transactions offline conveniently and easily in their local neighborhood.

"We are excited to have ZipZap showcase their innovative global cash transaction solutions to more than 850 leading financial executives, VCs, analysts and entrepreneurs at FinovateSpring this year," said Eric Mattson, The Finovate Group CEO. "Cash payment options for eCommerce merchants and the cash-preferred consumers wanting to shop online are in need of the innovation that ZipZap delivers.”

"ZipZap is redefining the payment experience for cash-preferred consumers worldwide and enabling merchants to monetize this largely under-served consumer segment by providing truly innovative cash payment solutions,” stated Alan Safahi, Founder and CEO of ZipZap. “We are excited to debut our cash transactions solutions at this year’s FinovateSpring event and provide attendees with a look at true innovation in cash payment technology that is changing the face of payments globally.”

The market for cash payments for online purchases, which ZipZap’s solutions address, is being driven by the rapid increase in consumers who don’t have access to traditional forms of banking and credit, teen consumers wanting to pay for virtual goods and games, and consumers concerned with privacy and fraud related issues associated with using a credit card. Javelin Research estimates that 30% of consumers will spend more online if they can pay with cash, while a report published by the Consumer Reports National Research Center notes 82% of consumers using eCommerce sites are uncomfortable exposing financial data online.

About FinovateSpring
FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Francisco, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit http://www.finovate.com/spring2012.

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