mChek bags TiE-Lumis Partners Entrepreneurial Excellence award

Microfinance Focus, Sept. 23, 2009: India’s mobile solutions provider ‘mChek’ has been awarded the TiE-Lumis entrepreneurial excellence award. The award is to encourage startups which have made a mark in the industry.
It has also developed mobile banking and payments technology for microfinance applications and conducted a pilot project with Grameen Koota, an MFI in Bangalore.
mCheck had earlier bagged the Global Red Herring 100 Award in 2008 and Voice and Data Technovator of the year award in 2009. In addition, the mChek on Airtel service was awarded the best solution in customer care and billing at the GSM Association’s Mobile World Congress in Barcelona, 2008.
Sanjay Swamy, CEO of mChek, said, “Mobile payments are still at an early stage – however, we have received tremendous support from industry leaders, notably Airtel, Visa and ICICI Bank, that has helped us accomplish some key early milestones in India. The award is significant as it recognizes the effort put in by the mChek team and our partners in building a mobile payments product which competes with the best on a global stage.”
Bangalore-based mChek provides patent-pending, mobile-based, security and payment services enabling users to transact through their mobiles for wide-ranging day-to-day requirements including payment of utility bills, insurance policies, movie and travel ticketing, prepaid recharge and post-paid bill payment.

© 2009, Microfinance News. All rights reserved. 2008-09