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.
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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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By GlobalData
