iKaaz launches MOWA Tap and Pay terminal coined as ‘MOWA Wave’ for merchants. iKaaz, presents this stand-alone terminal to enable merchants to accept payments without the need to install any additional hardware or software. The biggest advantage of MOWA Wave is that consumers who have the MOWA app can start paying using their phone by simply tapping at these terminals.
As a natural progression of any successful company, iKaaz is also constantly evolving and is now pushing with introduction of an innovative protocol from iKaaz that can transform any smart phone into a proximity device, eliminating the need for the customers to buy any hardware like NFC card or NFC phone. The customers need to simply download the MOWA mobile app.
MOWA is a free mobile app that can be downloaded from the Android playstore. At present MOWA platform is clocking half a million transactions a month and is expecting to grow up to five million monthly transactions over the next twelve months.
Soma Sundaram, Founder & CEO, iKaaz, commented, “The introduction of MOWA Wave is another leap towards realizing cashless transactions and enables the merchants to accept mobile payments. This doesn’t require merchants to have a phone to operate with the terminal or any complex activities to be set up. They just need to get this innovative device to get started which we plan to deploy in the month of August.”
These terminals are also pocket friendly for the merchants, and will be available across all fast food restaurants and grocery stores in Bengaluru empowering 3000 merchants. iKaaz charges a minimal merchants transaction fee.