Zeebu, a Web3 Neobank designed specifically for the telecom carrier sector, has revealed that its platform has processed more than $1 billion in invoice settlement. Relentless innovation at the nexus of financial services and blockchain technology has paved the platform’s path to this milestone and redefined telecom settlement procedures.

Zeebu has shown impressive growth and scalability following the conclusion of its successful alpha trials, in which half a billion dollars worth of transactions were handled, and the release of its PSP version 4.0 product update, which included governance improvements and additional platform capabilities.

Zeebu quickly progressed from settling about 5,000 invoices totalling over $500 million to crossing the $1 billion barrier in just seven months after launching its on-chain settlement platform, ushering in a new age of scalability and efficiency for the platform.

Leading the way in the world of blockchain-based telecom settlements, Zeebu has attracted a lot of attention for its instantaneous payment and settlement solution that meets the needs of the telecom carrier sector for smooth settlement processes and promotes the use of blockchain technology in practical applications.

With just 3–7 minutes, Zeebu’s cutting-edge platform has completely changed how telecom providers and merchants settle their bills, reducing the formerly lengthy 7–15 day settlement times. Removing middlemen and implementing smart contract technologies for invoice automation are the keystones of this efficiency revolution.

The ZBU Token, a strategic instrument intended to facilitate international transactions and launch a loyalty program that compensates ecosystem members for each transaction, is the centrepiece of Zeebu’s product line. Common obstacles, including high transaction costs, remittance delays, and the difficulties of currency translation, have been successfully addressed by this tokenization technique.

“The telecom industry’s embrace of blockchain settlements underscores the strength of our product offerings. Our commitment to building robust and adaptable financial solutions positions us perfectly to capitalize on this growing market opportunity,” explained Keshav Pandya, Zeebu’s Co-Founder and COO.

Hundreds of telecom carriers and companies are currently using Zeebu’s network, therefore the platform is well-positioned for future expansion and increased market share. In the future, Zeebu wants to become more widely used, improve its ecosystem services, and move toward a decentralized, community-governed payment environment.

“Zeebu is a trailblazer in rejuvenating the telecom industry’s settlement layer, fulfilling the market’s demand for faster access to funds. Our partnership with Zeebu positions us at the forefront of adopting blockchain-powered, efficient payment and settlement solutions. This translates to streamlining our finance operations and allowing us to focus on growth and expansion,” said Jernej Kenda, CEO of Novatel, a proud Zeebu platform partner.

Raj Brahmbhatt, Founder and CEO of Zeebu, reflected on the achievement, stating, “The increasing interest from telecom businesses in blockchain-based settlements affirms our expertise and commitment to delivering exceptional user experiences and customized financial solutions. We are well-prepared to cater to the expanding demands of this evolving market.”

“The growing traction of blockchain settlements among telecom companies validates our focus on customer experience and innovation in financial solutions. We’re excited to leverage our expertise to address the needs of this dynamic market,” said Raghav Hunasgi, Zeebu’s Co-Founder and CMO.

Zeebu plans to add additional revenue-generating streams, expand the platform’s capabilities, and develop into the telecom sector’s preeminent decentralized payment ecosystem as it commemorates this momentous milestone and looks forward to a bright 2024.
To learn more about Zeebu and its cutting-edge platform, go to https://www.zeebu.com.