DALLAS--(BUSINESS WIRE)--The Reserve Bank of India (RBI) today announced formally that 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 (MoM) is the largest provider of mobile currency transactions in India with over 71 million unique users and over 163,000 participating retail locations as of September 31, 2013. Money-on-Mobile CEO Shashank Roshi stated, “The license granted to Money-on-Mobile was originally for 2 years and is now renewed for 5 years. This displays the regulator's confidence in our ability to bring more consumers to the digital paperless payment platform, in turn helping the RBI realize their goal of a 70% paperless transactions consumer economy.”
About Calpian, Inc.
Calpian, Inc. (OTC:CLPI) is a publicly traded company with corporate offices in Dallas, Texas, operating centers in Georgia, and New York and mobile payments emerging-market operations through its subsidiary in India. Calpian’s Indian subsidiary offers Money-on-Mobile, a pre-paid mobile payment solution, to more than 163,000 Indian retail locations. Calpian’s management team has over 70 years in combined experience in the payments business. Please visit our website at www.calpian.com.