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Indian IT firm expands to Kenya

06 June 2014, 12:12

Nairobi - Ikazz, the Indian technology company, expressed its excitement at expanding its services to Kenya.

The Bangalore-based company said it was ready to offer its popular Near Field Communication (NFC) and Bluetooth-powered cloud-based payments platform to consumers in Kenya.

The entry into Kenya follows the successful entrance into the Nigerian market with contactless mobile payments.

Following a strategic alliance with Family Bank, one of Kenya’s leading banks, iKaaz along with its local partner, EDGE financial systems (EFSL) will bring the revolutionary Tap & Pay solution to Family Bank’s customers. 

Family Bank customers can now expect to move faster through checkout at retail stores as well as be able to use the same payment tags to pay at transportation check points, officials said.

“Kenya is a global leader in mobile payments and we are extremely encouraged to see that our ‘Tap & Pay’ solution will play an integral role within the Kenyan mobile payments ecosystem,” said Soma Sundaram, Founder and Chief Executive Officer of iKaaz.

“The iKaaz cloud based payments platform helps banks to quickly onboard and offer this innovative solution to their customers,” Sundaram said.

EFSL is the local business partner that is spearheading the business collaboration within Kenya. 

Chibuzo Ene, the co-founder of EFSL, said they had major plans for NFC contactless payments in Kenya. 

“We are delighted to have been involved with iKaaz’s expansion plans for Kenya and are extremely excited to get an endorsement of Family Bank, a prestigious institution. We are true believers of NFC and we are sure it will play a huge role in the payments space for many years to come,” Ene said.

– CAJ News


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