SAN FRANCISCO, Dec. 2, 2015 /PRNewswire/ -- Today Youtap Inc., a mobile payments technology company announced that it has been selected as a Red Herring 2015 Top Global award recipient. The prestigious industry award recognizes the year's most audacious and promising private technology companies and entrepreneurs from across the globe.
"The competition for the Red Herring Top 100 was fierce. Youtap should be extremely proud of its achievement," said Alex Vieux, Chairman of Red Herring. "After rigorous evaluation, our judges narrowed down the list from 1,100 potential companies to 100 winners. It was an extremely difficult process. The Top 100 Global is truly the best of the best," he added.
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, including financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.
Red Herring's Global 100 list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Google, Skype, Baidu, Salesforce.com, YouTube, eBay, and many others would change the way we live and work. Winners were announced on November 19th, 2015 at an awards banquet in Los Angeles, California.
Delivering mobile payments and commerce solutions globally, Youtap's innovative technology has won numerous awards and accolades from leading FINTECH industry authorities.
"As adoption of mobile payments technology accelerates globally, Youtap is at the forefront of this payment technology revolution," said Chris Jones Founder and CEO of Youtap. "Recognition from industry leaders like Red Herring, continues to generate growing awareness of our solutions and we anticipate expansive growth in 2016."
Youtap is accelerating mobile payments adoption by linking the bank or mobile operators wallets to the merchants through our innovative 'tap and pay' point of sale technology," Jones said. Our solutions drive frictionless mobile payment transactions at the point of sale driving Mobile Wallet adoption and increasing ARPU for the service provider.
About Youtap Inc.
Youtap is a mobile payments technology company enabling consumers with mobile wallets to pay, remit, bank and ride at the point of sale (POS) using 'tap and pay.'
Contactless mobile payments and financial services software enabling mobile wallet users to 'tap and pay' at any point of sale.
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SOURCE Youtap Inc.