Knowledgefaber announces the winners of the Knowledgefaber Awards for Excellence in Payment Methods and Technologies

Top Quote Knowledgefaber announced the winners of the Knowledgefaber Awards for Excellence in Payment Methods and Technologies held at Taj Vivanta in Bangalore. End Quote
  • (1888PressRelease) June 15, 2013 - BANGALORE - Speaking during Knowledgefaber Awards for Excellence in Payment Method and Technologies 2013, Amit Goel, CEO, Knowledgefaber said, " We felt a need to recognize companies that are doing great work in this field. Me and my fellow judges were looking for organizations that use financial services to make people's lives better, which is why it is exciting for us to honour companies that champion innovation and excellence. Our Knowledgefaber Excellence Award winners are innovators that solve payment problems, reach new consumers and advance the industry."

    The awards were for 5 main categories : Pre-Paid Category, M-Payments Category, Payment Gateway Category, NFC and Mobile Card reader Category and the Special category

    The panel of judges went through nominations and after several rounds of interviews with the nominating companies and thorough analysis arrived at deciding the final winners

    Following are the winners in each of this category:

    Pre-Paid Category:

    Pre-Paid Innovation Award:
    Winner: Zaggle
    The award recognizes the most innovative solution in the Pre Paid category. Zaggle Box Office Movie Bonanza (BoMB) Card, a prepaid gifting manager, is a first of its kind service offering. The BoMB card has some great features and provides excellent user-experience. It has shown tremendous growth in terms of value and volumes since its launch. These makes Zaggle a worthy winner in this category

    Enabling Technology Leadership Award:
    Winner: Qwikcilver
    The award recognizes the best Enabling Technology Leadership in the Pre Paid category. QwikCilver Solutions' Gift Card E-commerce Portal for consumers is a pioneer in this service offering. Its unique Software-As-A-Service (SaaS) model and value proposition make it a worthy winner.

    M-Payments Category:

    Fastest Growing Solution Award:
    Winner: Paymate
    The award recognizes the fastest growing solution in the Mobile Payments category .PayMate provides two interesting solutions in the payment space.The Paymate Wallet for regular customers and a mKCC Payment wallet aimed at farmers

    Best Mobile Wallet Program:
    Winner: PayTM
    The award recognizes the Best Mobile Wallet Program in the Mobile Payments category. Paytm Cash isa closed mobile wallet for Paytm customers. PayTM comes from One97 Communications Ltd. It has seen a steady growth in mobile wallet transactions. PaytmCash can be loaded with money by consumers using debit cards, credit cards and net banking. Paytm partners with all major banks of India and isPCIDSS certified. It has an easy interface and gives a great user friendly experience. Customers also prefer using Paytm Cash because it enables them to transact faster - sometimes as fast as 7 seconds for a transaction.

    Payment Gateway Category:

    Leading Technology Award for Solving Customer Pain Points
    Winner: PayU Paisa
    The award recognizes the Leading Technologyfor Solving Customer Pain Points in the Payment Gateway category. PayU Paisa from PayU India Internet Pvt. a revolutionary web based product which empowers buyers and sellers to transact online. Its first mover's advantage and value proposition in terms of solving customer pain contribute in making it a worthy winner

    Fastest Growing Payment Gateway
    Winner: Atom Technologies

    The award recognizes the fastest growing payment gateway in the payment gateway category. Atom technologies, one of India's leading payment service provider, offers payment services through channels like internet, Mobile, IVR and POS. Atom provides its payment services to multiple verticals like Travel and Tourism, Airlines, DTH, Entertainment Shopping, Insurance and Mutual Funds, Broking, , Government, Utilities, Education, Subscriptions and other Services. Atom provides its customers with more than 100 payment options. Till date, Atom has more than 4500 clients and has completed more than 15 million transactions. Atoms' multichannel gateway and wide customer base, has resulted in rapid growth, with transactions growing by millions and revenues by crores every year

    Market Leadership Award:
    Winner: PayU India
    The award recognizes Market Leadership in the Payment Gateway. PayU India payment gateway has highest number of transactions both in value and volumes by some distance,making it a worthy winner amongst the nominations.PayU India payment gateway has done hundreds of crores of transactions in terms of cumulative value.In terms of volume it processes millions of transactions every month. It is among the leading players in the e-commerce and online payment industry space

    NFC and Mobile Card Readers Category

    Best Proximity Payment Solution Award
    Winner: Ikaaz
    The award recognizes the best proximity payment solution in the NFC and Mobile Card Readers category. Tap & Pay from iKaaz is a revolutionary technology which has given mobile wallets a new dimension to enable cashless transactions based on Near Field Communication technology

    Most Innovative Product for Emerging Countries
    Winner: ITZ Cash Card
    The award recognizes the Most Innovative Product for Emerging countries in the proximity payments category such as NFC and Mobile Card Readers. "Power to Pay" NFC tags from ITZ Cash Card Ltd., is an innovation in cashless micropayments. Its value propositions along with its price points advantage has been the major parameters to select it as the winner

    Special Category:
    Best Customer Education/Marketing Campaign Award
    Winner: PayU India
    The award recognizes the Best Customer Education/Marketing Campaign in the special category. PayU's 1-click checkout is a worthy winner based on its presence on various media platforms and the impact it has made on its user base. The 1-click checkout has a store card feature which allows customers to make online payment in a single click. PayU is one of the few companies in India which offers this service today

    Co-Creating with Customer Award
    Winner: Times of Money
    This is the Co-Creating with The Customer Award in the Special Category. Remit2India is a personalized Remittance service from TimesofMoney Ltd. It offers one click money transfer service along with better, easy, simplified and secured transactions for the customer. Its journey of understanding and working around customer pain points and improving its offering makes it a worthy winner

    Award for Social Inclusion and Woman Empowerment
    Winner: Beam Money
    The award recognizes the concern for Social Inclusion and Women Empowerment in the Payments Space. Beam's concept is to empower women to become micro entrepreneurs and successfully deliver value. This initiative enabled us to select it as the winner. Beam as a part of their endeavor recruits, trains and promotes women to become micro entrepreneurs, popularly referred as Beam Sahayaks

    About Knowledgefaber:
    Knowledgefaber is a "facts" based consulting and research firm that works with global organizations and help them in identifying growth opportunities in emerging economies, mitigating risks involved and solving business challenges that may arise. We provide highly customized facts-based solutions with a quick turnaround by deploying time-tested methodologies, best-in-class talent, and vast active network across industries. Our major focus is on emerging opportunities in emerging economies.

    Press Release Contact Details:
    Hari Govindarajan,

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