Zoompay
“Can a telecom-backed fintech subsidiary build a digital wallet with 20,000+ users by abstracting away sensitive payment data for everyday online payments?”
Founded2021
HQUnited States
IndustryFintech / Consumer banking
The story
ZoomPay was founded in 2021 as a subsidiary of G and W Telecom, positioning itself as a financial technology app rather than a telecom product. It operates as a digital wallet enabling users to pay and get paid online without sharing sensitive financial information. The company relies on Evolve Bank & Trust as its banking sponsor and Stripe for payment processing infrastructure, following the standard BaaS-powered fintech playbook for early-stage consumer fintech apps.
Last 12 months
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Product timeline
2021
ZoomPay founded as a subsidiary of G and W Telecom, a telecom and digital solutions company, with a mission to simplify online payments.· banking
2021
Launched ZoomPay digital wallet app supporting credit cards, debit cards, bank accounts, and ZoomPay card balances.· banking
The stack
3 layers disclosed in Zoompay’s embedded-finance stack
Payments / PSP
Banking / BaaS
in the full report
Sponsor bank
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.