SOURCE: First Global Data Limited

First Global Data Limited

June 01, 2015 15:30 ET

First Global Data Wins Mobile Payment Technology Award in India

TORONTO, ON--(Marketwired - June 01, 2015) - First Global Data Limited (the "Corporation") (TSX VENTURE: FGD) is pleased to announce that it has been awarded the "Best Initiative in Mobile Payments Award 2015" at the prestigious Global Mobile App Summit Awards 2015 (the "GMASA") which took place in Chennai, India on May 28 and 29, 2015.

First Global operates its mobile payment service in India under the PayQwik™ brand.

Pankaj Kumar, CEO of First Global's India subsidiary and PayQwik™, was a speaker at the GMASA 2015 conference and said: "I would like to thank the GMASA. It is an honor to receive this prestigious award among 2500 nominees in different categories. I believe that this is validation of our hard work & vision to become the app of apps. We will continue adding more features in PayQwik™ and are committed to provide secure, efficient & quick mobile payment services."

Andre Itwaru, Chairman, President and CEO of First Global Data Limited, the parent company of PayQwik™ India, said, "We are very proud of being selected the winner of this prestigious award. India is a very demanding marketplace and we have made tremendous progress in just a few months. This recognition reinforces our strategy and we continue focusing on business growth in India, and expansion of our mobile payments service into other parts of the world."

PayQwik™ is a one stop mobile payment service available across India. PayQwik™ offers quick mobile top-up, recharge, bill payment & shopping. It also allows user to transfer fund across India instantly. Customer will receive attractive incentives such as cash back, coupons and discounts on shopping. PayQwik™ users are able to recharge all telco prepaid mobile phones across India, make bill payments to postpaid, landline & electricity providers, purchase bus, airline, and movie tickets and shop via their mobile phones. PayQwik™ fund transfer feature allows customer to send money anytime anywhere.

Key features include:

  1. Quick registration process.
  2. Easy load money mechanism through debit/credit card and internet banking.
  3. Recharge all prepaid mobile phones and receive cash back.
  4. Attractive deals, discount & coupons for recharge & shopping, food, travel and much more.
  5. Add favorites, save connections and transactions for repeated use.
  6. Buy any Telebuy products in few clicks.
  7. Transaction history of all recharge & bill payments.
  8. Fund transfer to your friends & family instantly.
  9. Invite your friends to use PayQwik™ app.
  10. PayQwik™ wallet accounts are approved semi closed wallet accounts.

PayQwik™ is available for download in the Google Play Store and will be available for iOS devices in the very near future.

About First Global

First Global Data Limited (TSX VENTURE: FGD) is an international financial services technology company operating in the payments sector. First Global's services are designed primarily for the domestic and international unbanked and under banked markets. Our two main lines of business are mobile payments and international money transfers. First Global's leading edge technology core enables Mobile and Online: Payments, Money Transfers, Shopping and Peer to Peer services. First Global's objective is to become a global leader in ubiquitous mobile money payment and money transfer services.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • For further information, please contact:

    Nadia Alli
    Vice President of Marketing
    First Global Data Corp.
    Telephone: 416.504.3813
    Facsimile: 416.504.7092