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Nov 20 2014

Panamax-MobiFin wins Excellence in Branchless Banking award at Mobile Money & Digital Payments Global-2014


Awards & Recognitions

November 20, 2014- Panamax Inc. is conferred with an award for Excellence in Branchless Banking for their mobile financial solution, Panamax-MobiFin at Mobile Money & Digital Payments – Global event held in Istanbul on 19th November, 2014. The award was accepted by Mr. Siddharth Dhamija, VP Technology – Head Global Sales and Operations of Panamax Inc.

Mobile Money is rapidly becoming the ‘en route’ for Financial Inclusion of the ‘unbanked’ people worldwide and the company is glad to be one of the pioneers to offer an ideal Mobile Money Solutions platform.

On the occasion of winning the award Mr. Bankim Brahmbhatt, President & CEO – Panamax Inc. said, “Mobile Financial Services is a key focus area for Panamax and as a step towards the group’s commitment to make financial solutions accessible to the common man, we came up with Panamax-MobiFin. I am pleased that the product has truly materialized our commitment into reality. This award is a testimony of a great product and team work.This award has boosted our spirits and reinforced our passion towards the objectives of Global Financial Inclusion.”

Panamax-MobiFin has emerged as a winner in the category of Branchless Banking due to some of its salient features such as:

  • Simple to use interface to cater to wider cross-section of the society

  • Abiding by strict security guidelines as per industry standards including triple DES & ISO 8583

  • Modular framework with flexibility to choose depending on market and budgetary needs – topup& bill payments, mBanking, agency banking, mWallet, mPurchase, international & domestic remittance, micro finance and micro insurance – to name a few

  • Real-time services accessible through a variety of mobile platforms and web portal

The company is overjoyed that their passion of creating a viable MFS solution for Financial Inclusion of the traditional tribes, the ‘underserved’, ‘the unbanked’, in the form of MobiFin is finally recognized globally.