Calpian, Inc. (OTCQB: CLPI) announced that for the month ending September 30, 2014, its Mumbai-based subsidiary Money-On-Mobile has been accessed by more than 107 million cumulative unique users since its inception with a total of 7.9 million users accessing the service in September. 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 cell phone to another using simple SMS text functionality.

Money-On-Mobile is now offered to Indian consumers through 219,563 retail locations throughout India, an increase of 9,066 stores compared to 210,497 stores in August. Processed transaction volume for September 2014 in Indian rupees exceeded 1.2 billion INR, a 71 percent increase compared to the single month volume processed six months ago for the month ending March 31. At current exchange rates, the September 2014 processed transaction volume was approximately $20.3 million USD.

“The demand for mobile payment services in India continues to grow and we remain focused on delivering our service to more consumers as they seek a more convenient way to pay for their everyday expenses,” said Shashank Joshi, founder and managing director of Money-On-Mobile. “Money-On-Mobile’s month-over-month growth remains strong as we continue executing the company’s plan to expand our network of retail distribution partners to more consumers around the country.”

“In 2014 alone, Money-On-Mobile has added more than 27 million new Money-On-Mobile users and over 45,000 new retail distribution partners, further demonstrating the demand for mobile payment services in India,” said Calpian CEO Harold Montgomery. “India is a truly unique country with over 900 million mobile phone subscribers and 700 million unbanked citizens. And though the impact to society is significant, mobile money represents more than just financial inclusion, it’s also a far more convenient way for all Indian consumers to pay their bills and remit money.”

About Calpian, Inc.

Calpian, Inc. (CLPI) 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 payments 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. For more information, visit www.calpian.com.

Note to Investors:

This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. 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.