Mobilis Named as a Winner of the Red Herring Asia Award

           Mobilis Named as a Winner of the Red Herring Asia Award

PR Newswire

SINGAPORE, Sept. 25, 2013

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 (

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 (

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,

Mobilis Networks Limited

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

SOURCE Mobilis Networks Limited

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