Calpian, Inc. (OTC:CLPI) announces that, as of December 31, 2012, the
Money-on-Mobile service offered by its Indian subsidiary is now being
supported by over 118,000 retail locations and has been accessed by
approximately 32.5 million unique phone number customers since April 1,
2012. The December 2012 processed transaction volume, measured in Indian
rupees, was 620.4 million INR – an approximate 90 million increase over
November 2012 processed volume. At current exchange rates, December
processed transaction volume was approximately $11.4 million.
“We are very pleased that, month after month, our Money-on-Mobile
service adds both customers and retail outlets. Its growing popularity
indicates that we are offering the ideal mobile payment product for the
Indian market,” says Calpian CEO, Harold Montgomery. “We believe that
the sheer number of Indian consumers with cell phones – over 650 million
– indicates there is tremendous room for Money-on-Mobile to continue its
expansion.”
ABOUT CALPIAN:
Calpian, Inc. (OTC:CLPI) is a publicly traded company with corporate
offices in Dallas, Texas and mobile payments emerging-market operations
through its subsidiary in India. Calpian's U.S. business focuses on the
10,000 Independent Sales Organizations (ISOs) that serve approximately 2
million small merchants across all industries in the U.S. who pay an
estimated $1 billion in annual residuals. Calpian’s Indian subsidiary
offers Money-on-Mobile, a pre-paid mobile payment solution, to over 32.5
million unique Indian phone number customers at more than 118,000 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.