Enabling Technologies

NFC powered Cloud based Mobile Payments platform Launched in Nigeria by iKaaz

iKaaz, a Bangalore based mobile payments provider has entered the rapidly growing African market with the launch of its innovative tap and pay offering in Nigeria. Very soon Nigerian consumers will be making NFC payments at select merchant outlets thanks to iKaaz’s NFC powered mobile payments platform running on the cloud.

“It is encouraging to see that African partners are very interested in embracing NFC based innovative mobile payments solutions. We are also extremely proud to have the opportunity to partner with FCMB bank here in Nigeria,” said CEO and Founder of iKaaz, Soma Sundaram.

iKaaz provides a comprehensive suite of end-to-end mobile payments solutions that include a feature rich mobile wallet, an innovative - yet cost effective mPOS (mobile Point of Sale) and a robust payments platform that allows banks, operators and financial institutions to extend mobile payments to their customers in a fast, secure and cost effective manner.

Consumers use NFC tags that are linked to the mobile wallet similar to a debit card that is linked to bank accounts; while merchants on the other hand, will use iKaaz NFC mPOS to complete transactions all of which are processed by iKaaz’s robust payments platform.

In addition to NFC support, iKaaz platform supports SMS-based payment transactions along with a mobile app. The iKaaz platform is already processing millions of transactions.

About iKaaz

iKaaz offers an innovative mobile payments platform for enterprises in emerging markets to enable them to extend cashless transactions to their customers. Developed by Industry experts with many years of experience in the payments domain, iKaaz caters primarily to customers in emerging markets.

Media Contact Raj S Media.relations@ikaaz.com Phone: +91 80 4190 3386 Website: http://www.ikaaz.com

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

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