Zenco Payments Inc. Provides Cashless Solutions to Cannabis Retailers Impacted by Mastercard Shutdown
East Brunswick, NJ — When Mastercard ordered a halt on all cannabis transactions involving its debit card purchases, it rocked the industry—and its impact continues as retailers scramble for solutions on how to compliantly process cashless payments at an affordable price. With fears that other financial institutions might follow suit, Zenco Payments, a technology hub built by banking industry experts for the cannabis payment ecosystem, offers compliant payment options for businesses to help them remain cashless in a regulatory complaint manner during this tumultuous time. Zenco has built a closed-end loop payment solution that allows consumers to use their cellphone to process the ACH payment thus passing the use of debit cards completely. One of the fastest growing cashless payment solutions nationally, Zenco offers: Zenco Mobile Pay: An easy-to-use app that allows consumers to purchase cannabis without cash, leading to increased sales and a better customer shopping experience...