Ex-Nokia Money Team Launches iKaaz Tap & Pay Mobile Payments Platform for Enterprises
Poster: SySAdmin
Posted on October 17, 2012 at 12:07:01 PM
Ex-Nokia Money Team Launches iKaaz Tap & Pay Mobile Payments Platform for Enterprises
SEATTLE, October 17, 2012 /PRNewswire/ --
iKaaz, a Seattle-based mobile payments solution provider, launched its new iKaaz
mobile payment platform for enterprises. The iKaaz platform broadly caters to two major
segments.
The iKaaz Consumer Wallet for Enterprises allows enterprises including banks,
operators, and merchants to offer mobile wallets convenience 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. With the iKaaz
app, account holders of a bank / prepaid can initiate money transfers and consumers can
complete merchant transactions and pay bills 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 favorite
retail outlet. No more fumbling for cash or swiping of the card; a simple tap of a phone
will complete the payment. "On the 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," said Soma Sundaram.
The product launch video is available at ikaaz.com
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 the Ex-Nokia Money team with many years of experience in
the payments domain, iKaaz caters to customers across the globe. For more information,
visit http://www.ikaaz.com.
Media Contact
Raj Shree
Communications Manager
Media.relations@ikaaz.com
+1-206-905-7422
iKaaz
SEATTLE, October 17, 2012 /PRNewswire/ --
iKaaz, a Seattle-based mobile payments solution provider, launched its new iKaaz
mobile payment platform for enterprises. The iKaaz platform broadly caters to two major
segments.
The iKaaz Consumer Wallet for Enterprises allows enterprises including banks,
operators, and merchants to offer mobile wallets convenience 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. With the iKaaz
app, account holders of a bank / prepaid can initiate money transfers and consumers can
complete merchant transactions and pay bills 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 favorite
retail outlet. No more fumbling for cash or swiping of the card; a simple tap of a phone
will complete the payment. "On the 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," said Soma Sundaram.
The product launch video is available at ikaaz.com
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 the Ex-Nokia Money team with many years of experience in
the payments domain, iKaaz caters to customers across the globe. For more information,
visit http://www.ikaaz.com.
Media Contact
Raj Shree
Communications Manager
Media.relations@ikaaz.com
+1-206-905-7422
iKaaz