This should really help Bangaloreans with their morning idli sambhar and cup of filter coffee. Near Field Communications (NFC) payments player iKaaz has teamed up with popular south Indian restaurant chain Adiga's and popular idli joint Brahmin's Coffee Bar to introduce contactless payments for its customers. iKaaz will launch the closed loop payment system with Brahmin's Coffee Bar and then across all other restaurants of Adiga's. Customers will be issued NFC cards mapped to their mobile phones to enable micropayments. Customers can load amounts between Rs 100 to Rs 10,000 with the annual transaction limit set at Rs 1,00,000. iKaaz had earlier in 2013 come out with NFC stickers which could be attached on phones to make them mobile point of sale terminals (mPoS). Our take: This actually might be a more meaningful and direct way for increasing NFC adoption…
