CALPIAN’S Money-on-Mobile Serves over 53 Million Unique Users
DALLAS--(BUSINESS WIRE)-- Calpian, Inc. (CLPI.OB) (OTC:CLPI) announced today that, as of May 31, 2013, the Money-on-Mobile service offered by its Indian subsidiary is now being supported by 138,711 retail locations, increased from 134,200 on April 30, 2013. Additionally, Money-on-Mobile was accessed by approximately 53 million unique phone number customers as of May 312013, up from the 49 million reported from the previous month. Processed transaction volume for May 2013, which is measured in Indian rupees, was slightly over 887.3 million INR an approximate 36 million increase over April 2013 processed volume. At current exchange rates, May processed transaction volume was approximately $15.6 million.
According to Calpian CEO, Harold Montgomery, It has now been slightly over a year since our initial investment in Money-on-Mobile and the company has outperformed our expectations. Money-on-Mobiles consistent growth each month indicates to us that the service has considerable room to grow in what is one of the largest consumer markets in the world.
About Calpian, Inc.
Calpian, Inc. (OTC: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.
Calpians Indian subsidiary offers Money-on-Mobile, a pre-paid mobile payment solution, to more than 138,711 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