Calpian’s Money-on-Mobile Serves over 80 Million Users

Money-on-Mobile service offered by Calpian's Indian subsidiary increased its retail locations to a total of 174,218 locations as of December 31, 2013.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend

Dallas, TX (PRWEB) January 13, 2014

Calpian, Inc. (OTCQB: CLPI) announced today that as of December 31, 2013, the Money-on-Mobile service offered by its Indian subsidiary was supported by 174,218 retail locations. This represents an increase of 2,636 stores from November 2013 and an increase of 7,073 stores from October 2013. At the end of December 2013, 80.2 million cumulative unique users accessed Money-on-Mobile since April 1, 2012. Processed transaction volume in December 2013, which is measured in Indian rupees, was 668.2 million INR, an increase of 10 million from 658.3 million INR in November 2013. At current exchange rates, December processed transaction volume was approximately $10.9 million.

About Calpian, Inc.
Calpian, Inc. (CLPI) is a publicly traded payment processing company with corporate offices in Dallas, Texas, and operations center in Atlanta, Georgia. Its mobile payments emerging-market operations are located in Mumbai, India.

Calpian’s Indian subsidiary offers Money-on-Mobile, a pre-paid mobile payment solution. Calpian’s management team has over 70 years in combined experience in the payments business. Calpian’s CEO, Harold Montgomery, is a recognized industry leader who has provided expert testimony to the U.S. Congress and Federal Reserve Bank on payments-related issues and regularly appears in numerous industry publications, such as Transaction World Magazine. Please visit our website at http://www.calpian.com for more information.


Contact

  • Mark Mayad
    Calpian Inc.
    +1 (214) 758-8626
    Email