|By Business Wire||
|August 6, 2013 04:51 PM EDT||
Calpian, Inc. (OTC: CLPI) announced today that, as of July 31, 2013, the Money-on-Mobile service offered by its Indian subsidiary is now being supported by 151,530 retail locations, an increase of 8,473 stores from 143,057 stores on June 30, 2013. Additionally, Money-on-Mobile was accessed by approximately 62.6 million unique phone number customers as of July 31, 2013, up from the 57.8 million reported from the previous month. Processed transaction volume for July 2013, which is measured in Indian rupees, was slightly over 912.4 million INR, a gain of almost 53 million Rupees or about 6% from the previous month. At current exchange rates, July processed transaction volume was approximately $15 million.
According to Calpian CEO, Harold Montgomery, “We are extremely pleased with the consistent and steady growth of all three key metrics. We had previously added about 3,000 to 4,000 stores per month, but our marketing focused on key urban areas has increased store additions to over 8,000 this month. Month after month we are seeing further evidence of the increase in popularity of our Money-on-Mobile service.”
Money-on-Mobile Managing Director Shashank Joshi said, “We are focusing our marketing resources to achieve deep penetration in key markets such as Kolkata and the effort is paying off now. In 2013, Money-on-Mobile has increased store count by over 29,000 locations - almost 24%. In July the rate of growth was higher than previous trends.”
About Calpian, Inc.
Calpian, Inc. (CLPI) is a publicly traded company with corporate offices in Dallas, Texas, operating centers in Georgia and New York 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 151,530 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.