Category: Investment, Mobile Payment, Technology
Mobile Payment Stock Breaking News; Calpian's (OTCQB: CLPI) Emerging-Market Mobile Payments Solution Continues Its Breakthrough Growth
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DALLAS - January 16, 2013 (Investorideas.com mobile payment stocks newswire) Calpian, Inc. (OTCQB:CLPI) announces that, as of December 31, 2012, the Money-on-Mobile service offered by its Indian subsidiary is now being supported by over 118,000 retail locations and has been accessed by approximately 32.5 million unique phone number customers since April 1, 2012. The December 2012 processed transaction volume, measured in Indian rupees, was 620.4 million INR – an approximate 90 million increase over November 2012 processed volume. At current exchange rates, December processed transaction volume was approximately $11.4 million.
"We are very pleased that, month after month, our Money-on-Mobile service adds both customers and retail outlets. Its growing popularity indicates that we are offering the ideal mobile payment product for the Indian market," says Calpian CEO, Harold Montgomery. "We believe that the sheer number of Indian consumers with cell phones – over 650 million – indicates there is tremendous room for Money-on-Mobile to continue its expansion."
About Calpian, Inc.
Calpian, Inc. (OTCQB:CLPI) is a publicly traded company with corporate offices in Dallas, Texas and mobile payments emerging-market operations through its subsidiary in India. Calpian's U.S. business focuses on the 10,000 Independent Sales Organizations (ISOs) that serve approximately 2 million small merchants across all industries in the U.S. who pay an estimated $1 billion in annual residuals. Calpian’s Indian subsidiary offers Money-on-Mobile, a pre-paid mobile payment solution, to over 32.5 million unique Indian phone number customers at more than 118,000 Indian retail locations. Calpian's management team has over 70 years in combined experience in the payments business. Calpian's CEO, Harold Montgomery, is a recognized industry leader who has provided expert testimony to the U.S. Congress and Federal Reserve Bank on payments-related issues and regularly appears in numerous industry publications, such as Transaction World Magazine. Please visit our website at www.calpian.com for more information.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy, liquidity, and building a larger credit facility. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Cynthia Bailey, 214-758-8600
Chief Marketing Officer
Harold Montgomery, 214-758-8600
Published at Investorideas.com newswire
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