Calpian’s Emerging Market Mobile Payments Solution Experiences Largest Growth Month to Date
Money-on-Mobile grows to approximately $15 Million in Processed Transaction Volume during the month of March 2013
DALLAS--(BUSINESS WIRE)-- Calpian, Inc. (CLPI.OB) (OTC:CLPI) announces that, as of March 31, 2013, the Money-on-Mobile service offered by its Indian subsidiary is now being supported by over 130,250 retail locations, increased from 126,200 on February 28, 2013, and accessed by approximately 44 million unique phone number customers, up from the 39.5 million reported from the previous month. The March 2013 processed transaction volume, measured in Indian rupees, was 810 million INR an approximate 149 million increase over February 2013 processed volume. At current exchange rates, March processed transaction volume was approximately $15 million.
According to Calpian CEO, Harold Montgomery, The growth of Money-on-Mobile is nothing short of astounding. We continue to see, month after month, the number of unique users, retail outlets and processed volume increase dramatically. We could not be more pleased that Money-on-Mobile is thriving in the Indian marketplace.
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 wholly owned subsidiary, Calpian Commerce, provides the merchant community with an integrated suite of payment platforms and proprietary software based products. Calpian Commerce offers access to leading third party payment platforms to process credit and debit card transactions, ach, mobile acceptance and gateway payment solutions to merchants in the U.S. operating in the physical brick and mortar environment as well as over the Internet, and in settings requiring wired as well as wireless/portable payment solutions. Calpian Commerce delivers its products and services to merchants via three delivery chains: a direct sales force, ISOs and Agent Banks.
Calpians Indian subsidiary offers Money-on-Mobile, a pre-paid mobile payment solution, to more than 130,250 Indian retail locations. Calpians management team has over 70 years in combined experience in the payments business. Calpians 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
Source: Calpian, Inc.Copyright Business Wire 2013