Payment Processor and Settlement Layer

Zeebu has formed a strategic partnership with a leading payment processing system to enable effortless transactions between merchants and customers. This intermediary system allows telecom carrier businesses to use ZBU tokens to complete transactions. The payment processor is responsible for verifying transactions and converting ZBU tokens into fiat currency or stable tokens, which are then transferred to the merchant’s account.

The payment processor boasts several key features that make it a valuable asset to the Zeebu ecosystem. Firstly, it seamlessly integrates with the Zeebu wallet and dashboard, eliminating any need for users to switch between interfaces. It is also highly secure, with robust features such as customer data encryption, two-factor authentication, and fraud detection mechanisms.

The Zeebu platform operates in accordance with stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, which are a set of guidelines and procedures that financial institutions must adhere to in order to verify the identity of their customers and prevent, detect and report financial crimes. These policies are required by law in many countries and are enforced by regulatory authorities.

Zeebu provides automated currency conversion and supports multiple fiat currencies and stable tokens, giving merchants the flexibility to accept payments in their preferred currency. Transactions are processed quickly, with settlement occurring in seconds and immediately generating a settlement report. Real-time reporting ensures that all parties involved receive instant notifications of transaction success or failure. The transaction fee is also much lower than that of competing payment systems, costing 1% for Zeebu ecosystem partners, compared to the standard 2-3%.