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EBS, Ogone’s subsidiary in India, wins major ecommerce award

MUMBAI – EBS, the wholly-owned subsidiary of Ogone, specialists in online payment services, has been awarded the Best eCommerce Payment Innovation Award at the Indian eRetail Show 2012.

The Indian e-Retail awards were held to recognize the best industry experts who were part of the affluent e-retail industry. The awards created the platform for the Indian players to showcase their expertise and gain prominence in the international markets by acknowledging outstanding creativity and customer service on offer throughout India.

EBS, the fastest growing payment services company in India, won the award due to its innovation within the eRetail industry. It was recognition of the company, who is adding 200 new merchants to its payment platform every month, as having enhanced the online shopping experience by thinking creatively about the point of payment and overall look and feel of the brand. EBS’s seamless processing of over fifty local and international payment methods also met and exceeded the multiple payments criteria of the award selection process.

The award was given by Franchise India, Asia's largest integrated franchise solution company, in association with Bloomberg and UTV. Franchise India is regarded by many as the leading regional authority on franchising and licensing.

Commenting on the awards, President of Franchise India -Gaurav Marya said, “The Indian e-Retail Awards is a platform to reward the best players who have helped in the expansion and growth of the e-retail sector. The main aim of e-retail awards is to recognize and facilitate achievers, innovators and suppliers who have contributed significantly towards the development of India’s online retail industry".

Said Peter De Caluwe, CEO, Ogone Payment Services, “This is a very good way of measuring our performance as these awards are given after very careful evaluation by external authorities. This is the first award for EBS since the Ogone acquisition and proves our commitment to innovation on a global scale and an unrivalled level of customer service for all our customers, everywhere. The online retail industry is growing exponentially in India and we’re delighted to be a part of this exciting time.”

About Ogone (www.ogone.com):

Ogone Payment Services is a leading Payment Service Provider with international reach. More than 35,000 businesses worldwide trust Ogone to manage and secure their online payments, help prevent fraud and drive their business. The company is headquartered in Belgium, has operations in India through its acquisition of EBS in 2011 and maintains regional sales offices throughout the world, with offices in Belgium, the Netherlands, France, Germany, Austria, Switzerland, UK, UAE and the US.

Ogone is connected through certified links with more than 200 different banks and acquirers and hence is able to provide over 80 international, alternative and prominent local payment methods in Europe, Asia, Latin America and the Middle East.

Ogone’s portfolio of payment methods helps online businesses to expand reach and increase checkout conversion. Additionally, companies benefit from the platform's transactional functionalities, extensive back-office capabilities and advanced fraud prevention systems as well as future-proofing their business as Ogone is committed to providing new payment solutions as consumers adopt them.

A number of major organisations have also opted to use Ogone to handle their payments. These include Friends Provident, Tui, Thomas Cook, Halfords, Just Eat, Bose, Opodo, Club Med, DHL International, Viking Direct/Office Depot, Thalys International, Misco and Center Parcs.

Ogone is an independent company with Summit Partners as majority stakeholder and partner of the management team.

About EBS (www.ebs.in)

EBS is one of the pioneers in the online payment processing industry and one of the very few private players in the market with a revolutionary combination of IT firm and Financial Institution. It was acquired by Ogone Payment Services, one of the leading payment platforms, in 2011.

EBS witnessed commendable growth over the years with a 300% increase in its merchant base. We won the confidence of the Industry, Banks as well as Payment Card industry brands as a prominent player in the market. This was evident as more banks showed interest in associating with EBS that subsequently led to EBS being enrolled as Member Service Provider with multiple banks. EBS systems provide advanced technologies to Indian e-Merchants vide a user-friendly console, multiple payment options, faster process of transactions & simple Customer online experience. EBS priority had always been a merchant centric approach, business ethics and implementation of Banking and Payment Card industry regulations, which helped EBS to establish its brand image.

EBS has offices in Chennai, Mumbai, Hyderabad, Bangalore, Delhi, Kolkata and Thiruvananthapuram.

For more information:

Prabhu Ram

Co-Founder & Executive Director E-Billing Solutions Pvt Ltd., prabhu@ebs.in #208,Saptagiri Towers,Begumpet Hyderabad-500016, India T : 040-44887000 Fax : 040-66104433 http://www.ebs.in/

Peter De Caluwe CEO Ogone T : + 32 2 286 96 27 pdc@ogone.com Blvd de la Woluwe 102 1200 Brussels www.ogone.be

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