Calpian’s Money-On-Mobile Increases Monthly Processed Transaction Volume By 10%

Money-On-Mobile Broadens Service Offering and Initiates Payments for Ecommerce Transactions

DALLAS, TX and MUMBAI, INDIA / ACCESSWIRE / July 21, 2015 / Calpian, Inc. (OTCQX: CLPI), an innovative global mobile payments technology and processing company, announces its Mumbai-based subsidiary,Money-On-Mobile,increased monthly processed transaction volume in June 2015 to Rs 2.660 billion Indian Rupees, or $41.8 million US Dollars, an increase of 9.7% from May’s Rs 2.424 billion Indian Rupees. Money-On-Mobile has been accessed by more than 141.7 million cumulative unique users since its inception, which is an increase of 3.3 million unique users accessing the service in June 2015. The company had 7.01 million total users during the month, with 3.73 million being repeat users.

Money-On-Mobile is a mobile payments service provider that allows Indian consumers to use their mobile phones to pay for goods and services, or transfer funds from one person to another using simple SMS text functionality. The service is now offered to Indian consumers through 269,404 retail locations throughout the country, which is an increase of 4,433 stores from May’s 264,971 stores.

“Money-On-Mobile services continue to expand, offering more variety to our customers and distributors,” said Shashank Joshi, Founder and Managing Director of Money-On-Mobile. “We have now initiated ecommerce transactions and our users can buy a wide variety of goods and pay with Money-On-Mobile. Additionally, our recently launched Domestic Remittance product (person-to-person transfers) continues its strong growth. In June 2015, we exceeded $13 million US Dollars in volume, a gain of 18% from May and over 222,000 transactions, a gain of 15%.”

Harold Montgomery, Calpian Chief Executive Officer, commented: “Our expanded service offerings at Money-On-Mobile continue to build our brand and trust with customers and agents. Our growth strategy to expand our footprint in India is resulting in continuing month-on-month increases in processed volume and the number of transactions. As an example, customers performing domestic remittance transactions also completed Rs 8 million, or $127,000 of other bill payment transactions.”

Money-On-Mobile’s total processed volume includes total mobile top up of $23.4 million in June, which is composed of $13 million loaded into consumer wallets defined by unique phone numbers, as well as prepaid mobile purchases of $10.4 million. In May, total mobile top up was $21.8 million, which included $11 million loaded into consumer wallets and $10.8 million for prepaid mobile purchases. Consumers load funds into a wallet and then transfer them to their preferred destination. Money-On-Mobile recognizes revenue for transactions at varying rates depending on the type of transaction when the funds leave the consumer wallet. Total processed volume includes consumer wallet load amounts and purchase transaction amounts since each is considered a separate transaction under industry norms. Processed volume and other statistics cited herein are intended to be used as general indicators of growth only.

About Calpian

Calpian, Inc. is a global mobile payments technology and processing company offering mobile payment services through Indian subsidiary Money-On-Mobile and domestic transaction services through Calpian Commerce. Money-On-Mobile is a mobile payment service provider that enables Indian consumers to use their mobile phones to pay for goods and services, or transfer funds from one cell phone to another using simple SMS text functionality. Calpian Commerce provides the U.S. merchant community with an integrated suite of payment processing services and related software products. Read about Calpian and Money-On-Mobile in The New York Times at New York Times – Money on Mobile.

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This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on August 11, 2014. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

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SOURCE: Calpian, Inc.

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