Capital raising mandate from WIZZIT Digital.
TRIA Advisory Ltd. announces a capital raising mandate from WIZZIT Digital.
WIZZIT Digital is raising £3Mln of equity to facilitate the scale up of its international expansion with deals, planned partnerships with Visa, Mastercard, National Banks and Commercial banks throughout Europe, USA, Asia, Africa and Latin America.
Wizzit Digital is a Spinoff from Wizzit International, a leading veteran in the online and mobile banking on the African continent.
WIZZIT Digital has developed, implemented and is now ready to scale up a unique technology that enables a smart phone to have the functionality of a traditional POS (Point of Sale) device. Using a credit or debit card the consumer merely taps the card to the phone, enters PIN if required, and pays. This technology can also accept QR codes and host card emulation products such as ApplePay. This is both applicable for Face to Face merchant thereby creating access globally to approx. 130Mln micro & small merchants and eCommerce purchases where retailers stand to lose about $130Bln in revenue on fraudulent card-not-present transactions by 2023.
This innovation also allows eCommerce payments to become card present transactions allowing for substantially more security, reduced card fraud and increased cost effectiveness.