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Now, an Indian mobile wallet that doesn't need pre-loaded cash

MOWA, developed by iKaaz, does away with the need to pre-load money into the mobile wallet

Apple might have to wait longer before it brings Apple Pay to India, but Indians won’t. Bengaluru-based iKaaz Software, a mobile payment solution provider, is set to launch a new application called MOWA, which will take mobile wallets to the next level where users don’t need to load cash in their virtual wallets. Until now, one had to transfer money from one’s credit card or bank account through net banking to fill the mobile wallet before one can proceed with a transaction. However, MOWA operates as an ‘open wallet’. Here, users will have to ...