Mobilis Named as a Winner of the Red Herring Asia Award

SINGAPORE, Sept. 25, 2013 /PRNewswire/ -- Mobilis Networks Ltd, a leader in mobile payments solutions and financial inclusion projects globally, today announced that it has been named a winner of the Red Herring 2013 Top 100 Award for Asia. The company was chosen from among hundreds of innovative and prominent technology companies. Mobilis was the only mobile payments solution provider to win the award, which was announced during ceremonies on September 6th in Singapore.

Red Herring Top 100 award winners are put through a comprehensive assessment by Red Herring's editorial staff based on both quantitative and qualitative criteria, such as technological advantage, disruptiveness, financial performance, management quality, overall business strategy and market maturity. This evaluation is complemented by a review of the track record and standing of the organization relative to sector peers, allowing Red Herring to see past the "hype" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.

"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Asia to the Top 100 Winners. We believe Mobilis Networks embodies the vision, drive and innovation that define a successful entrepreneurial venture. Mobilis Networks should be proud of its accomplishment, as the competition was the strongest it has ever been."

Mobilis Networks who through its joint venture with VeriFone Systems Inc market products globally under the brand VeriFone Mobile Money are driving financial inclusion projects in many of the worlds developing markets.

Comment from Chris Jones, "Mobilis networks specializes in solutions to drive the adoption of contactless payments, banking and payments globally. The company has pioneered technology for International Remittance using biometric finger printing, developed software to enable mobile payments and banking at the point of sale and led the development of a number of tap on and tap off solutions for transport and card company operators globally."

The annual Red Herring Top 100 Asia Awards is one of the most acclaimed distinctions in the technology industry. For every Top 100 event, the Red Herring team evaluates between 800 and 1,400 candidates per continent.  The awards honor the region's top entrepreneurs and innovative private companies that are anticipated to experience extensive rapid growth based on their current accomplishments to date. Red Herring editors analyze hundreds of organizations and choose the best of the best that epitomize successful growing companies with unique vision and drive.

About Mobilis Networks Limited (http://www.mobilis.com)

Mobilis is rapidly becoming a world leader in mobile payments and financial services. Mobilis bridges the gap between mobile phones and payments technologies, thereby enabling banks, financial service providers, mobile network operators and existing payment technology providers to connect with their customers anywhere in the world, at any time.

Mobilis is recognised as a strategic partner by Verifone Systems Inc (NYSE: PAY), the leading provider of point-of-sale transaction devices that are used by millions of consumers to make purchases.

About Red Herring (www.redherring.com)

Red Herring is a global media company, which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums, including print, online and exclusive events worldwide.  Red Herring provides an insider's access to the global innovation economy, identifying new and innovative technology companies and entrepreneurs. Its Red Herring 100 awards for North America, Europe, Asia and Global have recognized more than 5,000 companies in their early stages, including Baidu, Google, eBay, Skype.

Contact Information

Media Relations:

Alex Mercer, Mercer Palmer, [email protected]

Mobilis Networks Limited

Peter Meredith EVP Marketing, +64-21-997-707

SOURCE Mobilis Networks Limited