Few years back, India didn’t have its own mobile payment platform, but a Bangalore based company iKaaz made overcome the issue by launching an android app of mobile payment known as Mowa. No more, the users of the country needs to depend on the international app for receiving and making the payments as the app solves our problem by enabling us to do all this in much easier way. The apps support its customers by making the payments and receiving without any need of sharing their personal bank details. It simply will send the money through mobile to any number. Well, it can’t get any easier than this.
Apart from it being the first company to introduce mobile payment in the country, the features it holds is amazing as well. The app is free to download and do not charge you and the best is the part that it supports each and every bank present in India. The app even managed your cards and bank accounts. The app has been launched in the collaboration of ikaaz and DDB bank. The another exciting feature of the app that it doesn’t tell you to deposit any pre-payment whereas many other apps needs you to do this, consumers money stays in their own risk until you have made your transfer of the money. The app is easy to reach and can be obtain by registering with your mobile number, name and DOB. Later only, the consumer needs to provide the details of their bank accounts or credit and debit card numbers.
Unlike many other apps, the app doesn’t hold your payment or gives you any specific criteria to withdraw your money once they have transferred to your account. The money that deposited in your account gets debited the moment it has transferred. The app not only works with transferring the money but also can be used to recharge your mobile for yourself and for others too and can be used for any type of recharge, mobile, DTH and even can be used to pay your bills. This has other broader aspects too for the millions of dealers to accept the digital payment. Consumers can use the app for paying the dealers, friends and relatives. The app is well certified and provides multiple security levels and has accommodated with RBI regulations.
The app has solved the majority of problems for national users, who earlier needed to depend on the international app to make their deposits and to receive the funds. Often are the times, people were stuck with the problem of not being able to receive their funds from their own account and their money got lost in the process. With the help of ikaaz, people now can easily make their funds and deposit the money and can withdraw it anytime. The app directly deposits the money on consumers account with creating many issues. The founder of the company has declare that their app is still going through many changes and is working hard to provide with the safest and easiest ways of mobile payments.