22 October 2016
Visit www.dh.com

IKaaz launches mobile NFC payments service in Nigeria

26 February 2014  |  1279 views  |  0 Source: 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 Soma Sundaram, Founder & CEO of iKaaz.

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. 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Find out moreFind out morehttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
The bank of the future will be invisible - KPMGThe bank of the future will be invisible -...
32752 views comments | 119 tweets | 219 linkedin
New EU rules could cost UK firms £122bn in cybersecurity fines - PCI SSCNew EU rules could cost UK firms £122...
10652 views comments | 31 tweets | 37 linkedin
Barclays and Citi test blockchain tech for equity swaps processingBarclays and Citi test blockchain tech for...
8427 views comments | 26 tweets | 19 linkedin
ING takes fintech startup route to UK relaunchING takes fintech startup route to UK rela...
6875 views comments | 29 tweets | 21 linkedin
Thinking Capital launches AI-powered chatbotThinking Capital launches AI-powered chatb...
6492 views comments | 12 tweets | 8 linkedin

Featured job

Basic £100-120K plus significant MBO and quota Bon...
London based with substantial international travel

Find your next job