Calpian's Emerging Market Mobile Payments Solution Accessed by 49 Million Users
Money-on-Mobile grows to over 134,200 retail locations during the month of April 2013
DALLAS--(BUSINESS WIRE)-- Calpian, Inc. (OTC:CLPI) announced today that, as of April 30, 2013, the Money-on-Mobile service offered by its Indian subsidiary is now being supported by over 134,200 retail locations, increased from 130,250 on March 31, 2013. Additionally, Money-on-Mobile was accessed by approximately 49 million unique phone number customers as of April 30, 2013, up from the 44 million reported from the previous month. Processed transaction volume for April 2013, which is measured in Indian rupees, was slightly over 851 million INR - an approximate 41 million increase over March 2013 processed volume. At current exchange rates, April processed transaction volume was approximately $15.7 million.
According to Calpian CEO, Harold Montgomery, "We are pleased to see Money-on-Mobile experience another month of positive growth across all metrics. The number of new retail outlets offering Money-on-Mobile each month, in particular, demonstrates the steadily increasing demand for the service, and the growing number of unique users underscores the popularity of Money-on-Mobile among Indian consumers."
About Calpian, Inc.
Calpian, Inc. (CLPI) is a publicly traded company with corporate offices in Dallas, Texas, operating centers in Georgia, New York and Illinois and mobile payments emerging-market operations through its subsidiary in India.
Calpian's Indian subsidiary offers Money-on-Mobile, a pre-paid mobile payment solution, to more than 134,200 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
The article Calpian's Emerging Market Mobile Payments Solution Accessed by 49 Million Users originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.