Calpian's Emerging Market Mobile Payments Solution Grows to Approximately $12.2 Million in Processed
Mar 13th 2013 4:35PM
Updated Mar 13th 2013 4:42PM
Calpian's Emerging Market Mobile Payments Solution Grows to Approximately $12.2 Million in Processed Transaction Volume in February
DALLAS--(BUSINESS WIRE)-- Calpian, Inc. (OTC:CLPI) announces that, as of February 28, 2013, the Money-on-Mobile service offered by its Indian subsidiary is now being supported by over 126,200 retail locations, increased from 122,340 on January 31, 2013, and accessed by approximately 39.5 million unique phone number customers, up from the 35.8 million reported from the previous month. The February 2013 processed transaction volume, measured in Indian rupees, was 661 million INR - an approximate 24 million increase over January 2013 processed volume. At current exchange rates, February processed transaction volume was approximately $12.2 million.
According to Calpian CEO, Harold Montgomery, "Despite the fact that February was a short month, we are pleased to see continued growth in both usage and processed transaction volume during this time. In fact, in February, Money-on-Mobile experienced even greater monthly growth than we've seen in previous months - a true indication that Money-on-Mobile is becoming entrenched in the daily lives of Indian consumers."
About Calpian, Inc.
Calpian, Inc. (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 126,200 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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