News from the Wire

Calpian’s Money-On-Mobile reaches over 225,000 retailers in India

Friday, November 21, 2014 — 11:14:08 (EST)

Dallas and Mumbai, India, Nov. 21, 2014 -- Calpian, Inc. (OTCQB: CLPI) announced that for the month ending October 31, 2014, its Mumbai-based subsidiary Money-On-Mobile has been accessed by more than 112 million cumulative unique users since its inception with a total of 8.4 million unique users accessing the service in October. 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 225,069 retail locations throughout India, an increase of 5,506 stores compared to 219,563 stores in September. Processed transaction volume for October 2014 in Indian rupees exceeded 1.26 billion INR, a 48.3 percent increase compared to the single month volume processed six months ago for the month ending April 30. At current exchange rates, the October 2014 processed transaction volume was approximately $20.5 million USD.

“Even with seven holidays and four Sundays during the month of October, we extended our growth in unique users, processed transaction volume and retail distribution, further reinforcing the growing demand for secure, convenient mobile payment services for everyday Indians,” said Shashank Joshi, founder and managing director of Money-On-Mobile. “With more than 900 million mobile phone subscribers and over 500 million unbanked citizens in India, the opportunity for mobile money is significant. We’re pleased with our growth to date and remain focused on expanding our service across the country.”

“Money-On-Mobile has added more than 37 million new Money-On-Mobile users and 57,924 new retail distribution partners compared to the same period one year ago, further demonstrating the growing demand for mobile payment services in India,” said Calpian CEO Harold Montgomery. "The global market for mobile payments is rapidly expanding with India being the most compelling market of all. Our continued success demonstrates that Money-On-Mobile delivers a model for mobile payments that works, and we remain focused on driving growth and expanding service 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 .

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.