QualityStocks'  Instablog

Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • Calpian, Inc. (CLPI) Money-on-Mobile Now Serving More Than 71 Million Users In India 0 comments
    Oct 15, 2013 1:57 PM | about stocks: CLPI

    Calpian, a company that maintains mobile payment emerging-market operations through its subsidiary in India, reported substantial increases in the number of unique phone number customers using the Money-on-Mobile service as well as the number of retail locations offering the service as of September 30, 2013.

    Calpian noted that as of September 30, 2013, the Money-on-Mobile service had become available in 163,076 retail locations, up 5,216 stores from 157,860 retail locations on August 31, 2013. The company also highlighted that around 71.4 million unique phone number customers have accessed Money-on-Mobile from the service's launch time to September 30, 2013. That is approximately an increase of 4 million monthly unique users between August 31 and September 30 of this year.

    The processed transaction volume for September 2013, measured in Indian rupees, slightly surpassed 854 million INR. Measured at current exchange rates, the September processed transaction volume was approximately $14 million, down from August's $14.2 million. Calpian's senior management notes it is strongly encouraged by the growth Money-on-Mobile has been experiencing on a monthly basis.

    According to Calpian CEO, Harold Montgomery, "Money-on-Mobile continues to show an increased growth rate in stores participating in the system. In the last two months we have added over 6,000 and over 5,000 new retailers respectively. We are pleased to see the popularity of our Money-on-Mobile service grow with each passing month."

    Money-on-Mobile CEO Shashank Joshi stated, "We continue to be very encouraged by the accelerating rate of new store additions to the Money-on-Mobile network."

    Money-on-Mobile is a prepaid payment solution that is available to Indian consumers, most of whom do not have accessibility to banking accounts or conventional forms of credit. The service makes it easy for these consumers to easily engage in money transfers and enables them to acquire funds to pay bills with ease.

    For more information, please visit calpian.com

    QualityStocks provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.qualitystocks.net

    Stocks: CLPI
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.