Speak Asia – Scam? Bank Accounts Closed

Speak Asia is a Singapore based market research company that organizes online surveys for various products and companies. It launched it’s services in India sometime back and there are a number of ads you see on TV and newspapers. People wonder, how Speak Asia works and how it makes money? Is it real or a scam?

Speak Asia charges Rs.11,000 ($250) to register. Once successfully registered, a set of surveys are provided to answer. For every survey you complete, you get paid Rs. 500 ($11.36)

Speak Asia

Speak Asia currently offers 3 different methods to register.

  1. Email a scanned copy of your income statement which states that you earn over $1000 from one of the top 20 survey companies.
  2. Apply for a test in English. The examination fee is $60. The topics will range from general knowledge to comprehension. You can give test at Mumbai or Singapore.
  3. Pay $120 for 26 issues of online surveys or $220 for 52 issues and get direct entry to Speak Asia.

Here’s the catch. The first two ways of signing up for the program makes some sense as they are accepting quality panelists, but the third way to sign up for the program sounds fishy. Anyone can register by paying the fee and I wonder how they can compromise quality for $220?

Here are some interesting facts and things that have been happening in the last few days.

Speak Asia’s website states that they have their main office in Singapore and do not have an registered office in India yet. Wonder how they’re still offering services in India? The documents listed in Speak Asia’s website are rubbish. No legal documents of the company are available online.

Headline Today conducted a background check on Speak Asia sometime back and found out that the owner of Speak Asia is not based in Singapore and lives in Tax haven of British Virgin Island.

Interestingly, IndiaToday reported that the ownership of Speak Asia conforms to a typical offshore structure where multi-layered waterfall structure is created to hide the actual owner.

On 27th May, United Overseas Bank, based in Singapore has closed all accounts of Speak Asia.

Our bank account in Singapore has not been frozen… we are only moving our company account to another bank. We are approaching and evaluating various other banks in Singapore from where we will soon be able to disburse the payments to all panelists,Speak Asia said in a statement.

Here’s a complete analysis done by Vijay at India Forums. Interesting. Must read!

For over a year, Speak Asia has collected Rs. 11,000 from lakhs of people assuring them of high returns within months, but not sure how far it is true. If you’re planning to register, then I suggest you not to do so. Looking at the analysis, it can be scam. You never know!

Please share this across with all your friends and alert the ones who have already registered.


Airtel Releases Mobitude 2010 – The Verdict Of Indian Masses

airtel logo

Airtel recently released the Airtel Mobitude 2010, a unique survey that collects the mobile phone usage trends across the counrty. Airtel captured the preferences of over 150 million mobile phone users in India. The Airtel Mobitude 2010 includes annual analysis of music, images, video downloads and data traffic. Check out the findings of this unique survey below.

Categories Of Airtel Mobitude 2010:

A) Most Celebrated occasions
1. Diwali
2. Dusshera
3. Friendship Day
4. Holi
5. Valentine’s Day
6. New Years

B) Top 5 songs
1. Munni Badnaam Hui
2. Tere Mast Mast Do Nain
3. Pee Loon Hoton Ki Sargam
4. Zor Ka Jhatka
5. Gal Mithi

C) Top images downloads: Bollywood divas
1. Katrina Kaif
2. Kareena Kapoor
3. Deepika Padukone
4. Priyanka Chopra
5. Aishwarya Rai Bachchan

D) Top images downloads: Bollywood actors
1. Salman Khan
2. Shahrukh Khan
3. Ranbir Kapoor
4. Akshay Kumar
5. Shahid Kapoor
6. Hrithik Roshan

E) Top images downloads: Sports stars (Male)
1. Sachin Tendulkar
2. M S Dhoni
3. Rafael Nadal
4. Roger Federer
5. Harbhajan Singh
6. Sourav Ganguly

F) Top images downloads: Sports stars (Female)
1. Sania Mirza
2. Maria Sharapova
3. Serena Williams
4. Ana Ivanovic
5. Svetlana Kuznetsova

Mr Atul Bindal, President Mobile Services, Bharti airtel said, “Today, people across India are increasingly relying on the mobile platform as their source of entertainment and information from songs, videos, wallpapers to applications. The findings of airtel Mobitude 2010 are a true manifestation of what appeals to the Indian masses. As the country’s largest mobile services provider we are proud to be a leading an industry connecting millions, bringing alive airtel’s brand proposition of ‘closer to what you love’ for our customers”

90% Of Google Employees Prefer Bing

Google is no doubt one of the biggest search engines in the world, but the fact is that most of the Google employees prefer using Bing for the reliability and let me say better travel options it presents, considering that Google is busy shipping its employees in and out of Silicon Valley.

The survey which was conducted by an internal Google team was leaked out and send out to us, we are unfortunately unable to present the survey as it is under embargo and won’t go out until 1st April 2010, however, we decided to break the embargo to write this post.

74% of those who surveyed and answered thought that Bing added more color to their lives with the new backgrounds which they wished they had as a wallpaper. However, 65% of the people surveyed also said that they missed their flights because of the problems with Bing’s Flight timings, and they switched back to Google again.

Nevertheless, 90% of those who were planning a trip did use Bing in an attempt to appease Redmond and have some of those high flying executives to get free trips sponsored by Microsoft. However, all they got was Kayak and Expedia.

The 90% of Google employees who used Bing said that they would use it to download a new wallpaper everyday, however, when questioned about actually using Bing to search, the employees drew a blank and asked whether Bing could actually be used for search.

Many people were questioning why Bing’s market share was increasing, we now have our answer and it is the wallpapers.

Thanks for the tip Google Bot, we love April Fool’s too.

Disclaimer: Anything written in this post should be devoured with utmost care. April Fool’s does provide us with a good reason to provide inedible content to our readers ;-).