mChek named amongst Red Herring Global 200 finalists

Indian mobile payment solutions provider makes mark in the global arena yet again

mChek (www.mchek.com), India’s leading mobile payment solutions provider has been selected as one of this year's Red Herring Global 200 finalists. The nomination puts mChek in the league of prestigious companies globally who have pioneered innovation, and used technology to transform the way we do business.

Speaking on the nomination Sanjay Swamy, CEO mChek said “We are privileged to have been nominated with the best in the world. As India’s leading mobile payment solutions provider we have always endeavored to provide our customers with first rate services using cutting edge technology; steady innovations combined with proficient entrepreneurial activity has been the core of our business.” He added “Recognition from a prestigious body like Red Herring lends immense credence to our business and operations.”

Red Herring 100 lists as an invaluable instrument to discover and advocate the promising startups that will lead the next wave of growth and innovation. Red Herring Global is the culmination of a year's work of scouring thousands of privately held companies from around the world The finalists this year included entries from North America , Europe and Asia.

“mChek has displayed exemplary futuristic thinking in building their business model successfully. Their steady growth in the past year is a testimony to their innovative thinking, marketing strategies and effectual execution.” said Mr Joel Dreyfuss, Editor-in-chief, Red Herring.

The Red Herring editorial team deployed a detailed process in which it whittled down a pool of 600 eligible, promising companies to the 200 finalists of this global award. mChek is one of the few Indian companies to have received this prestigious position. The felicitation ceremony shall honor the Top 100 Privately Held Companies from around the world in San Diego from January 14-16, 2009.

About mChek
Bangalore-based mChek (www.mchek.com) 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 & travel ticketing, prepaid recharge and post-paid bill payment. Consumers can sign up at www.mchek.com or by sending sms ‘AIRTEL’ to 543219 (toll-free) from their Airtel phones.

mChek’s Certifications

• ISO 27001
• PCI-DSS 1.2

mChek’s Awards
Award for “Best Billing and Customer Care Solution” from the GSM Association at the 2008 Mobile World Congress held at Barcelona.

About Red Herring
Red Herring is a global media company uniting the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology research, and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com.