NEW DELHI: Mobile payments company iKaaz has come out with its MOWA Wave, a tap and pay solution that enables 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, a release said.
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 12 months.
Soma Sundaram, Founder and CEO, iKaaz, said: “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 3,000 merchants.