Calpian’s Money-on-Mobile serves over 71 mn users

DALLAS, USA: Calpian, Inc.has announced that, as of September 30th, 2013, the Money-on-Mobile service offered by its Indian subsidiary is now being supported by 163,076 retail locations, an increase of 5,216 stores from 157,860 stores on August 31, 2013.

Money-on-Mobile was accessed by approximately 71.4 million unique phone number customers from inception through September 30th, 2013. The monthly unique user count increased by 4 million between August 31 and September 30 of this year. Processed transaction volume for September 2013, which is measured in Indian rupees, was slightly over 854 million INR. At current exchange rates, September processed transaction volume was approximately $14 million, down from $14.2 million in August partly due to one less day in the month.

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."