Calpian's Emerging Market Mobile Payments Solution Grows to Approximately $11.9 Million in Processed
Feb 5th 2013 6:17AM
Updated Feb 5th 2013 6:18AM
Calpian's Emerging Market Mobile Payments Solution Grows to Approximately $11.9 Million in Processed Transaction Volume in January
DALLAS--(BUSINESS WIRE)-- Calpian, Inc. (OTC:CLPI) announces that, as of January 31, 2013, the Money-on-Mobile service offered by its Indian subsidiary is now being supported by over 122,340 retail locations, increased from 118,000 on December 31, 2012, and accessed by approximately 35.8 million unique phone number customers, up from the 32.5 million reported from the previous month. The January 2013 processed transaction volume, measured in Indian rupees, was 636.7 million INR - an approximate 16 million increase over December 2012 processed volume. At current exchange rates, January processed transaction volume was approximately $11.9 million.
"Since our initial investment in Money-on-Mobile in April 2012, we've seen consistent monthly growth in both the number of users and of retailers embracing Money-on-Mobile as their preferred method of mobile payment," says Calpian CEO, Harold Montgomery. "It's exciting to see such a positive trend and to offer a product that is so easily accessible to the massive Indian population."
About Calpian, Inc.
Calpian, Inc. (OTC:CLPI) is a publicly traded company with corporate offices in Dallas, Texas and mobile payments emerging-market operations through its subsidiary in India. Calpian's U.S. business focuses on the 10,000 Independent Sales Organizations (ISOs) that serve approximately two million small merchants across all industries in the U.S. who pay an estimated $1 billion in annual residuals. Calpian's Indian subsidiary offers Money-on-Mobile, a pre-paid mobile payment solution, to more than 122,340 Indian retail locations. 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 www.calpian.com for more information.
Cynthia Bailey, CMO, 404-886-8885
Harold Montgomery, CEO, 214-758-8603
Investor Relations Contact:
John Liviakis, 415-389-4670
KEYWORDS: United States Asia Pacific North America Texas India
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