Calpian’s Subsidiary, Money-on-Mobile, Serves over 82 Million Users

Money-on-Mobile’s per customer transaction volume increased in addition to the cumulative unique users in the first month of 2014.

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Dallas, TX (PRWEB) February 10, 2014

Calpian Inc. (OTCQB: CLPI), a global processing and mobile payments technology company that offers traditional domestic transaction services, and leading international mobile payments solutions through its Indian subsidiary, Money-on-Mobile, is pleased to announce that Money-on-Mobile counted 82.3 million cumulative unique users since its inception, an increase of 2.1 million from December 2013.

Money-on-Mobile’s distribution network has 176,506 retail locations, an increase of 2,288 stores from 174,218 stores in December 2013. Processed transaction volume for January 2014 in Indian rupees was 674.3 million INR compared to 668.2 for the previous month. At current exchange rates, January processed transaction volume in US dollars is approximately $10.8 million. Per-customer Rupee transaction volume increased from approximately 145 Rupees per customer to approximately 170 Rupees. Additionally, the total number of transactions increased from 8.7 million to 8.9 million for the month.

Money-on-Mobile CEO Shashank Joshi stated that: “The per customer transaction increase to 170 rupees is very encouraging, showing that our core user base is increasing its transaction volume over time.”

About Calpian, Inc.
Calpian, Inc. (CLPI) is a publicly traded company with corporate offices in Dallas, Texas, operating centers in Atlanta, Georgia and mobile payments emerging-market operations through its subsidiary 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