EBS, Ogone’s subsidiary in India, named as ‘India’s Most Valuable E-Commerce Company of the Year’

EBS, the wholly-owned subsidiary of Ogone, specialists in online payment services, has received its second award so far this year. It has been awarded the title of India’s Most Valuable E-Commerce Company of the Year’ at the 3rd annual India Leadership Conclave and Indian Business Affairs Business Leadership Awards 2012.

EBS secured the win with 34,342 public votes in a nationwide poll conducted by the Indian Leadership Conclave award committee asking the public to choose their best among the four shortlisted finalists in the category. The Jury of industry experts who awarded this accolade to EBS at the Awards event in Bengaluru on Friday, 6th April consisted of Mr Narayan Murthy, Chairman, Emeritus & Chief Mentor Infosys and Mr Rahul Bajaj, Chairman, Bajaj Group in conjunction with 34,342 public votes nationwide. The award was accepted by Nishanth Chandran, CEO & Co-Founder of EBS at the award ceremony held in Bengaluru on Friday, 6th April, 2012.

The awards ceremony was preceded by a debate on the challenges and opportunities currently faced by Indian business by the foremost leaders responsible for building brands in their respective industries which was attended by prominent industry personalities.

EBS won the award due to its innovation within the e-Commerce industry including its existing product lines – Payment Gateway (one-stop solution for accepting and collecting online payments) and Risk Management System (fraud prevention) – as well as its two new product lines currently being introduced to the Indian market; Enterprise Payment program, a flexible solution for large merchants and White-label online payment solutions for merchants banks and acquirers.

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Commenting on the award, Peter De Caluwe, CEO, Ogone Payment Services, “This is a successful start to the year as we win our second award from the Indian market. We are committed to innovation as a company and we’re delighted to accept this award for our work in the e-Commerce industry. It cements our presence in the India market which is growing exponentially and one that we are very excited to be involved with.”

Ogone Payment Services is a Payment Service Provider with more than 35000 clients all over the globe. The company is headquartered in Belgium, 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 an independent company with Summit Partners as majority stakeholder and partner of the management team and had acquired EBS in 2011.

Speaking on the acquisition, Peter De Caluwe, CEO of Ogone Payment Services, had said: “Only 8.4% of the Indian market is currently online but this translates to 100 million users which makes it the fourth largest online country in the world and this is set to grow rapidly with online travel accounting for 80% of the commerce in India. Acquiring a leading company such as EBS represents huge potential for us and our European merchants.”

EBS is an online payment processing company with offices in Chennai, Mumbai, Hyderabad, Bangalore, Delhi, Kolkata and Thiruvananthapuram and witnessed commendable growth over the years with a 300% increase in its merchant base.