2017 Florin Asia Innovation Awards Winners: TenX, Paycent and Omiseby Fintech News Singapore September 4, 2017
TenX, Paycent and Omise are the three winners of the 2017 Florin Asia Innovation Awards, an event aimed at recognizing the region’s most promising talents, and honoring great initiatives and proven solutions in the payments space.
The winners were announced last week at the GlobalPaymentSummit in Singapore, and competed against seven other startups including peer-to-peer marketplace for international money transfer Cashaa, mobile banking app Brankas, and Go-Jek’s mobile payment platform Go-Pay.
TenX was honored as the Gold Winner. The Singapore-based startup is building a cryptocurrency payment platform that consists of a wallet, physical debit card, bank account, ATM access, and more. It will support popular cryptocurrencies including bitcoin, ether, dash and ERC20 tokens. TenX raised close to US$80 million in an ICO earlier this year.
Paycent, the Silver Winner, is a payment platform of Singapore-headquartered Texcent. The platform seeks to offer both end-users and merchants a secure and convenient digital payment platform to send and receive funds, as well as shop and pay bills.
Paycent was cited with its “promising concept and ideas.” The digital payment platform recently began its operation through its app’s launch in the Google Play Store and the Apple App Store. Currently, Paycent can be used in Singapore and the Philippines, nut also intends to launch in Hong Kong, Malaysia, Myanmar, Vietnam, Thailand, Pakistan, Nepal, Bangladesh, India and the United Arab Emirates within the year.
Paycent plans to add new capabilities to its platform including cryptocurrency and mobile point-of-sale (mPOS) for more convenience.
Thai startup Omise was honored as the Bronze Winner. Omise develops and operates an online payment platform that works on web and mobile. It offers a full-featured payment management platform to merchants and businesses across Southeast Asia.
Omise raised US$25 million in its ICO in early-July before acquiring Paysbuy from Thailand-based mobile operator Dtac, taking over its assets and services, which include a payment gateway and digital wallet used by both consumers and businesses in Thailand and Myanmar.
Organized each year as part of the GlobalPaymentSummit, the Florin Asia Innovation Awards reward startups and companies that are using innovation to drive their payment solutions forward through collaboration, accessibility, personalization, or design.
Last year’s winners were Merchantrade Asia, OKLink, and Grab.