Mobilis Networks Limited is a Finalist for the 2013 Red Herring 100 Global Award

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SAN FRANCISCO, Nov. 14, 2013 /PRNewswire/ -- Mobilis Networks Ltd, a leader in mobile payments solutions and financial inclusion projects globally, today announced that it has been selected as a finalist for Red Herring's 2013 Top 100 Global award, a prestigious recognition which honors the year's most audacious and far reaching private technology companies and entrepreneurs from across the globe. 

The Red Herring editorial team selected the companies demonstrating the most innovative technologies and business models originating from over 1000 companies from over 40 nations. These companies, representing past Red Herring Asia, Europe and North America awards, are judged on a range of qualitative and quantitative metrics, including but not limited to, technology innovation, financial performance, growth criterion, management's execution standards, potential globalization of the strategy and market share improvement.

"Technology companies are becoming the bright spot in the economic outlook based on their increasing role within macro-economic environments," stated Alex Vieux, Chairman of Red Herring. "2013 has demonstrated the sector's vibrant activity and its contribution to the global economic recovery. An unprecedented number of entrepreneurs are jumping ahead of the competition and making a difference. Breakthroughs obsolete each other faster than ever before. Mobilis Networks Limited is performing exceptionally in its field and strongly deserves to be singled out as one of the Red Herring Global Finalists. At this stage, we are left with the daunting task to select the best qualified companies for the 2013 Top 100 Global Award."

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 world's developing markets.

Comment from Chris Jones, CEO and Founder: "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 Finalists are invited to present their winning strategies at the Red Herring Global forum in Los Angeles, November 18-20 2013. The Top 100 winners will be announced at a special awards ceremony on November 20 at the event.

About Mobilis Networks Limited (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 VeriFone Systems Inc. (www.verifone.com)

VeriFone Systems, Inc. ("VeriFone") (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.

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, alex@mercerpalmer.com 

Mobilis Networks Limited
Tel: 0014158743327
marketing@mobilisnetworks.com

SOURCE Mobilis Networks Limited


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