Calpian, Inc. (CLPI) Says Money-on-Mobile Achieves Sequential Growth, Reaches Nearly 68 Million Users
Calpian, a U.S.-based company focused on mobile payments emerging-market operations through its subsidiary in India, today reports that as of August 31, 2013, the Money-on-Mobile (MOM) service offered by its Indian subsidiary is available now at 157,860 retail locations, an increase of 6,330 stores from 151,530 stores at the end of July 2013. Furthermore, MOM was accessed by nearly 68 million unique phone number customers from inception through August 31, 2013, up from nearly 63 million reported from the previous month. “Money-on-Mobile continues to show an increased growth rate in stores participating in the system,” Calpian CEO Harold Montgomery stated…