Accessible e-money solutions for all
The remit was to design and offer a global platform for low-cost and fast movement of funds with the most cost-efficient and transparent cross border currency management and the other was to create a sustainable e-money model for the financially excluded (financially underserved) population of 3.5 billion.
CFS-Zipp today offers in conjunction with the Zipp Interchange Payment Network, a unique (Patent Pending) multi-currency account with access provided through using a single card for the multiple of currencies that can be stored in the account. or mobile phone that anyone use as long as KYC requirements are complied with.
With 24/7 secure access to the account available on-line, through mobile phone apps, through call centre and through the terminals at any of the participating merchants, it is the most technologically advanced and low-cost account where account holders may load, withdraw, conduct currency exchanges and transfer funds at low cost anytime and anywhere they wish.
CFS is authorised and regulated by the FCA (Financial Conduct Authority) in the UK for issue and redemption of e-money under the 2nd E-Money Directives. CFS-Zipp holds client money for transactions in e-money accounts. CFS-Zipp, as such, does not solicit or accept deposits as investment for interest.