DALLAS--(EON: Enhanced Online News)--Calpian, Inc. (OTC:CLPI) announced today 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.
“We continue to be very encouraged by the accelerating rate of new store additions to the Money-on-Mobile network.”
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.”
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. 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.