Nathan Claire Group & iKaaz India announce mobile payments partnership for Africa

The Nathan Claire Group, a leading pan-African technology company has announced a regional partnership with Bangalore-based iKaaz for the sales and support of the iKaaz unified m-commerce platform which offers support for Near Field Technology (NFC).

Online PR News – 08-November-2012 – Nairobi, Kenya – The iKaaz platform leverages on Near Field Communication (NFC) technology and low cost NFC-enabled mPOS devices. NFC tags stuck on the backs of mobile phones can be linked to bank accounts, mobile money account or any stored value account (SVA), allowing banks, switches and payment processors to offer a payment processing service that bridges mobile money and the traditional POS schemes, and earn revenues from the millions of transactions that they may have otherwise been excluded from.

According to Soma Sundaram, founder of iKaaz, there has been overwhelming interest from both financial institutions and merchants since the recent launch of the iKaaz platform. Chibuzo Ene, Group CEO at Nathan Claire stated that “iKaaz has the potential to change the way certain businesses are conducted. Due to price and convenience, mPOS devices can be issued to small shops, public service vehicles, newsstands and even pizza delivery bikes. This platform solves problem of how to bank such businesses.”

The iKaaz platform supports NFC, Android, iOs, J2ME, IVR, USSD as well as SMS, and addresses shortcomings found in other payment platforms. Customers can be on-boarded in about a minute by mobile money agents, banks, merchants, or from an SMS message initiated by the customer. The platform offers configurable transaction types, fee structures, and various ways of incentivising merchants and stakeholders.

About Nathan Claire Group

The Nathan Claire Group has a primary focus on the provision of complementary products and services that will offer institutions specific, measurable and significant advantage. Principal officers have relevant experience working with organizations in Africa, Europe and North America, and 100% success track records delivering projects on time, within budget and without compromising quality or expected benefits.

About iKaaz Software Pvt Ltd

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.