Mobile commerce made more approachable by iKaaz

Mobile Commerce

Mobile CommerceNew mobile commerce system launched by iKaaz

Mobile commerce is still considered by some to be in a state of infancy. This is true, in many cases, especially where vendors are concerned. Most modern mobile commerce efforts are based around the use of NFC technology, which allows for the transmission of financial information over very short distances. NFC-enabled devices, especially point-of-sale terminals, are in short supply, however, making the adoption of mobile commerce somewhat complicated for several industries. iKaaz, a developer of mobile payment solutions, aims to solve that problem.

New system leverages NFC technology to facilitate mobile payments

iKaaz has launched a new point-of-sale system that is able to facilitate mobile payments through the use of NFC technology. The system can interface with NFC-enabled devices in order to process transactions, allowing for consumers to forgo the use of traditional forms of currency. iKaaz suggests that the NFC-based system will make mobile payments faster and more convenient for both consumers and vendors. The system will also help alleviate some of the security concerns that both parties have concerning mobile commerce.

NFC Reader and NFC stickers make mobile payments accessible to all

The system developed by iKaaz, called the NFC Reader, can be attached to a mobile device, making it a self-contained point-of-sale device. The system itself is prices at less than $20, making is somewhat accessible to a wide range of consumers. Additionally, iKaaz is offering a line of NFC stickers, which can be affixed to any mobile device to give it NFC capabilities. This will allow a wider range of smartphones and tablets to participate in mobile commerce without these devices requiring native NFC technology.

Mobile commerce shows no signs of slowing down

The iKaaz platform currently processes more than 800,000 mobile payments every months, a major milestone for a platform that is roughly three months old. The platform is expected to continue growing, especially as more consumers become enthralled by the concept of mobile commerce. iKaaz may be able to attract more people to mobile commerce by making NFC technology more available and much less exclusive.

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