ZNAP
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| Type of business | Private |
|---|---|
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Type of site
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Mobile Business |
| Available in | English, Traditional Chinese, Japanese |
| Founded | 2010 (Hong Kong) |
| Headquarters | Hong Kong |
| Area served | Worldwide |
| Founder(s) |
Alessandro Gadotti Alan Tam April Yu |
| Key people |
Alessandro Gadotti (Group CEO) Hooman Mazaheri (CEO Europe) Scott Moore (CEO Asia) Gregory Gresh (CEO N. America) |
| Employees | 120+ |
| Registration | Required |
| Launched | January 2013 |
| Current status | Inactive |
ZNAP was a global mobile business platform developed by Hong Kong-based company MPayMe, a business technology company founded in 2010. ZNAP was acquired by Powa Technologies in June 2014. Powa Technologies went bankrupt in February 2016.
The ZNAP mobile platform facilitated omni-channel commerce between consumers and merchants via mobile devices with internet access. Supported channels included Internet (online shopping), mobile shopping (via mobile handsets), print (magazines, newspapers), outdoor ads (posters, bus shelters), television, and app-to-app. Basic features included electronic vouchers/coupons, real-time loyalty programme management, alongside secure/efficient mobile payments. The ZNAP mobile app is available for Apple iOS, Google Android, and BlackBerry OS supported devices. ZNAP is PCI DSS Level 1 compliant, and all data and real-time transactions are managed in the cloud-based system.
ZNAP had its headquarters and R&D centre in Hong Kong. It had offices in London, New York, Tokyo, Singapore, Bangkok, Rome and Milan. ZNAP had been launched in the USA, United Kingdom, Southeast Asia & Japan.
In May 2014 ZNAP was acquired by Powa Technologies for 75M USD in an all share deal. ZNAP product and customers merged with Powa Technologies PowaTag division.
MPayMe, the company behind ZNAP, was founded in 2010 with both the Headquarters and R&D centre based in Hong Kong. In January 2013, ZNAP version 1.0 launched its first field test with Dial-A-Dinner, a gourmet meal delivery service in Hong Kong. In June 2013, ZNAP collaborated with London’s online fashion boutique Bengt Fashion and held a pop-up shop event.
ZNAP released version 1.5 in July 2013, shifting away from a pure mobile payment solution to an integrated mobile business platform. In August 2013, ZNAP was officially launched in the United Kingdom. Announced at Chester Racecourse under an innovative ZNAP QR-BAR theme, guests were invited to order drinks with the new catalogue menu ordering feature.
In the North American market, BillingTree Auto Finance, which is using ZNAP as the mobile billing solution for its network of auto finance companies, was brought on board in January 2014.
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