Ex-Nokia Money Team Launches iKaaz Tap & Pay Mobile Payments Platform for Enterprises
Poster: SySAdmin
Posted on October 17, 2012 at 4:35:01 AM
Ex-Nokia Money Team Launches iKaaz Tap & Pay Mobile Payments Platform for Enterprises
BANGALORE, October 17, 2012 /PRNewswire/ --
iKaaz, a Bangalore-based mobile payments solution provider, launched its new iKaaz
mobile payment platform for enterprises (you can view the product launch event video at
http://www.ikaaz.com). The iKaaz platform broadly caters to two major segments.
The iKaaz Consumer Wallet for Enterprises allows enterprises including banks,
operators and merchants to offer the convenience of mobile wallets to their customers for
quick and easy payments. Soma Sundaram, Founder and CEO of iKaaz said, "The iKaaz solution
can be delivered in the form of a mobile app across all types of mobile phones, as well as
through SMS and USSD channels for lower-end phones that do not support apps. With the
iKaaz app, account holders of a bank or prepaid can initiate money transfers and merchant
transactions, customers can pay bills and subscribers of mobile / DTH service providers
can recharge their accounts with just their mobile phones."
The iKaaz M-POS solution allows merchants to replace expensive POS equipment with just
a mobile phone that settles payments electronically. With the iKaaz Tap & Pay solution,
that leverages NFC (near field communication) technology, merchants can receive payments
from customers with just a tap of a phone at the checkout terminal. This revolutionary
concept aims to change the way shoppers go about their daily shopping at their favourite
retail outlet. No more fumbling for cash or swiping of the card. A simple tap of a phone
will complete the payment. "On one hand, customers can transform their mobile phones into
a mobile wallet using a smart iKaaz NFC tag and complete payments faster at merchant
locations. On the other hand, merchants can benefit by significantly reducing the
transaction processing fees typically paid for conventional settlements," said Soma
Sundaram.
About iKaaz:
iKaaz offers a mobile payments platform for enterprises in developed and emerging
markets to enable them to extend cashless transactions to their customers. Developed by
some of the core team members of Ex-Nokia Money team with many years of experience in the
mobile payments space, iKaaz caters to customers across the globe. For more information,
visit http://www.ikaaz.com.
Primary Media Contact: Raj Shree, media.relations@ikaaz.com, 91-80-41903386
Ikaaz Software Pvt Ltd
CONTACT: PRN
BANGALORE, October 17, 2012 /PRNewswire/ --
iKaaz, a Bangalore-based mobile payments solution provider, launched its new iKaaz
mobile payment platform for enterprises (you can view the product launch event video at
http://www.ikaaz.com). The iKaaz platform broadly caters to two major segments.
The iKaaz Consumer Wallet for Enterprises allows enterprises including banks,
operators and merchants to offer the convenience of mobile wallets to their customers for
quick and easy payments. Soma Sundaram, Founder and CEO of iKaaz said, "The iKaaz solution
can be delivered in the form of a mobile app across all types of mobile phones, as well as
through SMS and USSD channels for lower-end phones that do not support apps. With the
iKaaz app, account holders of a bank or prepaid can initiate money transfers and merchant
transactions, customers can pay bills and subscribers of mobile / DTH service providers
can recharge their accounts with just their mobile phones."
The iKaaz M-POS solution allows merchants to replace expensive POS equipment with just
a mobile phone that settles payments electronically. With the iKaaz Tap & Pay solution,
that leverages NFC (near field communication) technology, merchants can receive payments
from customers with just a tap of a phone at the checkout terminal. This revolutionary
concept aims to change the way shoppers go about their daily shopping at their favourite
retail outlet. No more fumbling for cash or swiping of the card. A simple tap of a phone
will complete the payment. "On one hand, customers can transform their mobile phones into
a mobile wallet using a smart iKaaz NFC tag and complete payments faster at merchant
locations. On the other hand, merchants can benefit by significantly reducing the
transaction processing fees typically paid for conventional settlements," said Soma
Sundaram.
About iKaaz:
iKaaz offers a mobile payments platform for enterprises in developed and emerging
markets to enable them to extend cashless transactions to their customers. Developed by
some of the core team members of Ex-Nokia Money team with many years of experience in the
mobile payments space, iKaaz caters to customers across the globe. For more information,
visit http://www.ikaaz.com.
Primary Media Contact: Raj Shree, media.relations@ikaaz.com, 91-80-41903386
Ikaaz Software Pvt Ltd
CONTACT: PRN