News & Events

News & Events

WORLDWIDE 2017/02/06

Taisys wins Innovations award in India for SIMoME® implementation ‘SIMsePAY’

Taisys India won financial services technology innovation awards by Banking Frontiers - “Technoviti Awards 2017” at the Biennial IBEX conference. The awarded product, SIMsePAY, is an implementation of Yes Bank on the Taisys’ patented SIMoME® technology.

The award celebrates the spirit of innovation in the BFSI segment and celebrates the ones which show potential to jury of CIOs and CTOs from Indian banking industry.

SIMsePAY is a wafer-thin sticker that can be pasted on to any type of SIM card (Standard, Micro or Nano) of any telecom service provider. This sticker installs a SIM Tool Kit (STK) based application which can be accessed by the consumer on all smart and feature phones, without the need for internet connectivity.

SIMsePAY enables consumer to perform various types of transactions, such as based Fund Transfers, Check balances and generate mini-statements, Payments to merchants for small and large value purchases Bill Payments, Top-ups, and Recharges.

Technoviti 2017 was really special year for Banking Frontiers with a multitude of nominations,” said Mr Manoj Agrawal, Group Editor at Banking Frontiers, adding “We were delighted to see the superb quality as well as wide range of innovations. One innovation that was particularly appreciated by the jury was SIMsePAY from Taisys, that empowers the less tech savvy customers with highly secure mobile banking and payment services, thereby giving a big thrust to digital financial inclusions.”

Abhishek Saxena, Managing Director of Taisys India added “We were pretty confident for our nomination” – “The SIMsePAY can be a game changer for banking in India as it enables all phones, irrespective of their make, operating system, features and smartness, to become a tool for mobile Banking”.

For information on Technoviti Awards:


India’s fifth largest private sector Bank with a pan India presence, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India. 

About Taisys

Taisys, member of GSMA and ETSI, a world leader in providing mobile interconnectivity and vertical integration services across various industries. With its patented SIMoME® technology, provides secure banking and financial services to over 25 million customers across the globe. Taisys has presence in Taiwan, China, Hong Kong, Singapore, India, South Africa and Spain.