ZunguZ is a multi-tiered platform that has deep integration into the social graph and a host of financial services. While there are a host of diverse P2P, P2B, B2B payment systems in the market, ZunguZ is the first platform that allows a Facebook user to pay another Facebook user. They have also developed a way to send money on to people in remote places who may have no bank account, but do have a local bank.
The implications from this for business, charity and e-commerce are endless as facebook has over 850 million users.
Co-Founder of ZunguZ, Robert Sussman, talks exclusively to focuSMEireland.com about how they are looking to revolutionise how online money transactions work and what the benefit is to both business and charity.