Calpian, Inc.’s (CLPI) Money-on-Mobile Receives 5-Year Renewal Authorization to Continue Mobile Payments System in India
Calpian, a company that maintains mobile payment emerging-market operations through its subsidiary in India, today announced that its Money-on-Mobile subsidiary, My Mobile Payments Ltd., has received a five-year renewal of its authorization to operate a mobile payments system in the country. Money-On-Mobile is the largest provider of mobile currency transactions in India. As of September 31, 2013, the service has more than 71 million unique users and more than 163,000 participating locations in India. Money-on-Mobile CEO Shashank Roshi in a news release stated, "The license granted to Money-on-Mobile was originally for 2 years and is now renewed for 5 years.…