Calpian, Inc. (OTCQB: CLPI) announced its Mumbai-based subsidiary Money-On-Mobile is providing domestic remittance services to Indian consumers. Adding the new service to its existing suite of market-leading mobile payments offerings, domestic remittance is a real-time electronic fund transfer service.

With the new service, which was initiated on Dec. 23, 2014, Money-On-Mobile now offers its customers person-to-bank domestic remittance – the ability to send money to another party’s bank account – through 71 banks covering almost all of India and providing instant credit to recipients in real time, 24x7. The service does not require senders to have a bank account.

According to Shashank Joshi, founder and managing director of Money-On-Mobile, “Adding the new domestic remittance service represents the next step in fulfilling Money-On-Mobile’s strategy to continuously expand its footprint across India and to diversify its product mix in a manner that increases transaction volumes and profit margins. We are serving more customers than ever with more services.”

Since January 1, Money-On-Mobile has processed a total of 79,289 domestic remittance transactions, experiencing strong month-over-month growth with a 216 percent increase in February compared to January. Total domestic remittance transaction volume over the first two months was 268.7 million Indian Rupees or $4.35 million USD. Transaction volume in February increased 233 percent in February versus January. The average transaction size of Money-On-Mobile’s domestic remittance service also grew month over month from $51.92 USD in January to $56.22 in February, an 8.2 percent increase.

“Expanding our services to include domestic remittance is a great mark of development for Money-On-Mobile,” said Harold Montgomery, chief executive officer of Calpian, Inc. “Having only launched the domestic remittance service in December, it’s pleasing to see the solid traction gained in terms of volumes in just two months’ time. We’re always exploring opportunities to add new services to our platform and domestic remittance is a great complement to our existing mobile payments offerings.”

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. Any forecasts that are provided by management in this presentation and are based on information available to us at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products.