MUMBAI, September 3, 2015 /PRNewswire/ --
My Mobile Payments Ltd (MMPL) announced today it has been shortlisted for Red Herring's Top 100 Asia award, a prestigious list honoring the year's most promising private technology ventures in Asia. The shortlisted companies are asked to present their winning strategies at the Red Herring Asia Forum in Manila, September 14 to 16, 2015 - the final stage of the Top 100 competition. The Top 100 winners will be announced during a special award ceremony on the evening of September 16, 2015, after the final score is handed out by the judges, thus concluding the three-day event.
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The Red Herring editorial team selected the most innovative companies from a pool of hundreds, from across the continent. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technological innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of company track records and standings, which allows Red Herring to see past the 'buzz' and make the list a valuable tool for discovering and advocating for the best business opportunities in the industry.
"Entrepreneurship in Asia has reached an inflexion point, and as a result, Red Herring Asia 2015 has shifted into a new phase," said Alex Vieux, publisher and CEO of Red Herring. "A second generation of entrepreneurs with CEO backgrounds is emerging, and their execution skills and global ambitions lead to restless growth and amazing journeys. As importantly, we are seeing more companies from countries once absent from innovation circles. My Mobile Payments Ltd shows great promise and therefore deserves to be among the shortlisted companies. Now we're faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2015 crop will reward us for long and continued efforts in scouting disruptive companies in Asia. The wealth of talent and achievements displayed by Red Herring Asia finalists is an excellent predictor for the new wave of revolutionary technology."
"Being shortlisted for this award is itself a recognition of the diligence and hard work put in by the entire team at our company," says Shashank Joshi, Managing Director, MMPL. "We are happy to be placed among the Red Herring Top 100 and keeping our fingers crossed until the 16th."
About My Mobile Payments Ltd and MoneyOnMobile:
My Mobile Payments Limited (MMPL) is one of India's leading mobile payment solutions company, operating through its 'MoneyOnMobile' brand, a service aimed at bringing quick, simple and efficient mobile payment solutions to everyone. MoneyOnMobile enables purchase of goods, making easy payment top-ups, payment of utility bills, DTH recharges and more, just with the click of a button. MoneyOnMobile is the first in India to have an application with multi-lingual capability for a service in this category. MoneyOnMobile earlier announced the launch of its domestic Mobile Money Order service for customers in January 2015. MoneyOnMobile is currently authorized by the Reserve Bank of India (RBI) to set up semi-closed payment system in India, which enables registered users to buy good products and services from registered merchants. MMPL launched its PayJaldi solution for SME businesses to support invoicing and collect payments from their customers while providing services or selling goods. With MoneyOnMobile, Stop at Nothing Pay for Anything.
Media Contact:
Vipul Bondal
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Veriitte Consulting
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