Tagit, an award-winning Singapore-based mobile solutions company, announced its expansion into three new markets to support its growing customer base. With new offices in Canada, Malaysia and Indonesia, local teams based in Toronto, Kuala Lumpur and Jakarta will drive Tagit’s presence in these markets for the mobile banking and commerce industry. The announcement follows wins and successful roll-outs in the region as Tagit strengthens its banking and finance portfolio.
Pierre Hennes, Executive Chairman of Tagit, who is as well Co-Founder and Partner of Upstream Ventures, an early investor in Tagit, said: “The opening of these new offices is a significant milestone in Tagit’s evolution as the business continues to scale. It highlights Tagit’s commitment to compete effectively on a local level with physical presence in Canada, Malaysia and Indonesia. As competition in the mobile commerce industry intensifies, there is a need to constantly identify new market opportunities and the opening of these offices puts Tagit in a prime spot to respond to market demands.”
Tagit's mobility platform Mobeix™ enables banks and enterprises to rapidly build secure, scalable and innovative mobile applications. The company’s international expansion will enable sales and support for new and existing customers as it plans to be bullish within these territories.
Speaking on the company’s rapid growth, Sandeep Bagaria, CEO of Tagit, said, “Banks and financial institutes around the world are seeing opportunities for greater customer satisfaction and retention through innovative mobile services. This new customer touch point takes the pressure off retail outlets, while mapping the increasingly mobile lifestyle of consumers. There is huge potential in Asia and North America as mobile revenues continue to climb in these regions. More banks and enterprises are rolling out new service features, optimizing existing services, and enhancing the mobile experience, and we look forward to being part of this story.”
Indeed, banking IT spending is forecasted to reach US$66.5 billion in Asia Pacific and US$59.5 billion in North America this year, according to a recent report, with mobile innovations driving spending in these regions.
Tagit is currently the partner of choice for a number of banks in Southeast Asia for their mobile banking needs. Besides that, the company recently won a place in Red Herring's Top 100 Asia award 2014, a prestigious list honouring the year's most promising private technology ventures from the Asian business region and has in addition been accredited by the Infocomm Development Authority’s (IDA) recently. The Accreditation@IDA programme helps Singapore-based product companies with innovative products to gain traction and scale with the government as a customer. Tagit is one of the first three companies to receive the prestigious recognition, which means that the company will be considered first during the government procurement process.
“Mobile phones and tablets have started to become mainstream devices for online information access and transactions. Technologies like those by Tagit would enable government agencies to extend and build citizen centric mobile services quickly and more effectively,” commented Edwin Low, Director, Accreditation@IDA.
Fact is that Tagit has established itself as an innovative and robust mobile software provider in the past decade, with a portfolio of blue-chip customers across the region.