iKaaz, a leading mobile payments company has partnered with DCB Bank Ltd. a leading new generation bank to launch innovative mobile payment solutions for the Indian Market. iKaaz and DCB Bank tie-up is expected to introduce consumer centric products taking the country a step closer towards a cashless economy. As per the agreement, iKaaz will launch mobile payment solutions including its flagship Near Field Communications (NFC) based Tap & Pay product targeting the merchant ecosystem and other related offerings directly targeting the consumers.
Soma Sundaram, Founder and CEO of iKaaz, said, “We are very pleased to partner with DCB Bank on this strategic initiative. The partnership will help in actualizing our goal towards simplifying payments. This collaboration provides another entry point for fast and convenient means of payment acceptance for merchants and simplifying the payments experience for customers. This further demonstrates our commitment to continuously deliver innovative products and solutions to the market.” He said the company will target and address issues within niche use cases where the payments process is cumbersome and painstaking for the value chain.
Murali M. Natrajan, Managing Director & CEO, DCB Bank, added, “Technology evolution is continuously and dramatically changing how banking and transactions are conducted. We are excited to partner with iKaaz who have created a unique cashless tap and pay product. We believe this product can provide huge convenience to customers. We hope that over the coming years iKaaz transforms how payments are made in India.”
