Tagit wins coveted Emerging Enterprise Award 2012

June 6, 2012

Leading mobile banking & commerce provider garners accolades for innovation, execution and business acumen

Singapore, June 6, 2012 – Beating 11 other finalists and a record 800 contenders this year, Tagit, a leading mobile solutions innovator and provider emerged as one of the top three winners in the recently concluded Emerging Enterprise (EE) Awards ceremonies. Tagit outshone nominees, most of which are small medium enterprises (SMEs) in the areas of innovation, business strategy and vision as well as performance.

Presented last Friday at the EE2012 Gala Dinner and Awards Ceremony held at the Fullerton Hotel Singapore, the Emerging Enterprise Award is a prestigious recognition program for outstanding small and medium enterprises (SMEs) in Singapore.

“This is definitely an honor and milestone achievement for the team as we continue to grow our business in Singapore and the region. The award will help us boost our capabilities and leadership in providing mobile solutions for our customers in the banking and financial industries,” says Navtej Singh (“Naffi”), CEO and Co-Founder of Tagit.

A Singapore-based mobile solutions company with a proprietary mobile banking and commerce platform, Tagit boasts a portfolio of blue-chip customers which include renowned Singapore and regional banks in 9 countries across three continents, such as UOB, DBS, POSB and Standard Chartered in Singapore, Commonwealth Bank of Australia (Indonesia) Royal Bank of Canada, Commercial Bank of Dubai and Citibank (India).

Tagit provides secure and scalable solutions for financial institutions, enterprises and telcos to extend their web-based services to the mobile space in a seamless, rapid and cost-efficient manner. Its mobile platform has helped its clients provide award-winning mBanking services to their customers. Australian-based Commonwealth Bank (Indonesia) mBanking service, which runs on Tagit’s platform, was given the Special Commendation Award in the ‘Best Mobile Banking’ app category at the VRL Trailblazers Awards last month.

“The awards that both Tagit and our customers have clinched in the past month are testimony that the mobile banking space is fast gaining traction in the region. We are constantly developing and innovating new technologies that will help our customers offer convenience and services on-the-go to end-users, and at the same time improve the mobile banking and payments experience all around,” commented Mr. Singh.

The mobile banking industry is set to grow over the next three years. ABI Research projects that the number of people around the world using mobile banking services will double every year and will reach 250 million subscribers by 2015, with most of the uptake contributed by users throughout Asia.

“The growth of mobile banking in Asia presents Tagit with an opportunity to meet market trends and demands. Tagit’s win at the Emerging Enterprise Award will boost the company’s technological capabilities to further innovate on our mobile platform. This will help our banking customers offer the best mobile channel services to their stakeholders and be at the forefront of mobile banking,” said Mr. Pierre Hennes, Executive Chairman of Tagit and Co-Founder and Partner of Upstream Ventures, an early investor in Tagit.

With a mandate to provide a scalable and secure platform to its clients, Tagit recently partnered with leading banks in the region to launch mobile banking services that will allow end-users the convenience of banking from virtually anywhere at any time.

The Emerging Enterprise 2012 Award is jointly presented by The Business Times and OCBC Bank, supported by RSM Chio Lim, SPRING Singapore, NUS Extension, ACORN Marketing & Research Consultants and SingTel. It is an annual award that honors enterprising SMEs that demonstrate innovation, foresight, and sharp business acumen.

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