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February 27, 2014updated 04 Apr 2017 4:08pm

iKaaz introduces new cloud-based tap and pay offering in Nigeria

Indian mobile payments provider iKaaz has introduced a new cloud-based tap and pay offering to Nigerian customers.

By Verdict Staff

Indian mobile payments provider iKaaz has introduced a new cloud-based tap and pay offering to Nigerian customers.

The new mobile payments platform uses NFC technology to allow consumers make payments at select merchant outlets.

iKaaz provides a suite of end-to-end mobile payments solutions that include a feature rich mobile wallet, a cost effective mPOS and a payments platform that allows banks, operators and financial institutions to extend affordable mobile payments to their customers.

iKaaz platform, which is already processing millions of transactions, will also support SMS-based payment transactions along with a mobile app.

iKaaz founder and CEO, Soma Sundaram, said: "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."

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