iKaaz partners with DCB Bank

Mobile payments company iKaaz has partnered with DCB Bank to launch mobile payment solutions. The tie-up is expected to introduce consumer centric products. According to 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 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.”

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.”