India's mChek Wins GSMA Award

mChek on Airtel was chosen as the winner by a global panel of eminent jurors from leading market research and consultancy firms, including Accenture, Forrester Research, the Yankee Group and Ovum which said " For all those who thought mobile commerce was a pipe dream, mChek on Airtel, has just shown the way to do it. The cashless society is here and it's gone mobile ."

“The GSMA Global Mobile Awards is one of the most prestigious international awards and the fact that mChek has won underscores the uniqueness and innovation in our service.” said Sanjay Swamy, CEO, mChek. “We are delighted by the success and consumer response to the service and look forward to expanding the footprint of mChek services in the coming months.”

The GSM Association (GSMA) is the global trade association representing more than 700 GSM mobile phone operators across 218 countries and territories of the world. In addition, more than 200 manufacturers and suppliers support the Association's initiatives as key partners. The primary goals of the GSMA are to ensure mobile phones and wireless services work globally and are easily accessible, enhancing their value to individual customers and national economies, while creating new business opportunities for operators and their suppliers. The Association's members serve more than 2.5 billion customers - 85% of the world's mobile phone users.

The mChek on Airtel mobile payments service today has more than 60,000 transacting customers with an impressive 90% repeat usage pattern, and has processed more than 100 Million Rupees of mobile payments since its launch in September 2007. mChek has also at present entered into strategic partnerships with VISA, Citi India, ICICI Bank, Corporation Bank and e-commerce merchants like MakeMyTrip, Yatra, Indiatimes, FutureBazaar and SifyMall to enable safe, smart and simple mobile payments. In Sri Lanka, mChek has tied up with Dialog Telekom and NDB Bank enabling secure payments ranging from utility bills/pre-paid top-ups, over-the-counter and remote commerce, and mobile banking.

In the near future, mChek plans to further simplify payment processes for consumers by introducing utility bill payments, movie ticketing and various other innovative services.

About mChek

mChek India Payment Systems Pvt. Limited has won international acclaim and won a global award at the GSM Associations annual awards 2008 in Barcelona. mChek is an ISO 27001 and PCI-DSS 1.1 certified company funded by Draper Fisher Jurvetson, a leading venture capitalist in Silicon Valley. The company has developed several patent-pending applications in the areas of security and banking. mChek’s service have been developed with several years of technology and market research and collaboration with VISA International, and brings the eco-system of telecom operators, banks, merchants and consumers together in a cohesive and win-win manner. The mChek service is currently available to customers on AIRTEL in India and Dialog Telekom in Sri Lanka. For more information, visit http://www.mchek.com