iKaaz offers a disruptive mobile payments platform. Consumers can pay to the merchants using iKaaz mobile application, without any additional hardware accessories.
In order to make the transaction faster, iKaaz turns consumer phones to NFC enabled phone with iKaaz low cost NFC tags. Merchant's phone can be turned to a NFC terminal with iKaaz low cost NFC readers. Mobile application and back end platform performs the transaction.
iKaaz offers a low transaction fees to merchants and convenience. In addition, iKaaz offers convenience, loyalty & rewards to consumers.
iKaaz Mobile Payments platform envisions to support any form of payment methods including cards, bank accounts, operator mobile wallets and prepaid instruments. Supported channels could be through NFC or mobile app.
In order to provide stickiness in mobile payments, iKaaz also offers basic use cases like mobile recharge, Digital TV recharge, bill payment, ticketing etc - all made possible via mobile phones.