Category: Investment, Mobile Payment, Technology
Calpian's (OTCQB: CLPI) Emerging Market Mobile Payments Solution Grows to Approximately $12.2 Million in Processed Transaction Volume in February
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DALLAS - March 13, 2013 (Investorideas.com mobile payment stocks newswire) Calpian, Inc. (OTCQB:CLPI) announces that, as of February 28, 2013, the Money-on-Mobile service offered by its Indian subsidiary is now being supported by over 126,200 retail locations, increased from 122,340 on January 31, 2013, and accessed by approximately 39.5 million unique phone number customers, up from the 35.8 million reported from the previous month. The February 2013 processed transaction volume, measured in Indian rupees, was 661 million INR – an approximate 24 million increase over January 2013 processed volume. At current exchange rates, February processed transaction volume was approximately $12.2 million.
According to Calpian CEO, Harold Montgomery, "Despite the fact that February was a short month, we are pleased to see continued growth in both usage and processed transaction volume during this time. In fact, in February, Money-on-Mobile experienced even greater monthly growth than we’ve seen in previous months – a true indication that Money-on-Mobile is becoming entrenched in the daily lives of Indian consumers."
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
Investor Relations Contact:
John Liviakis, 415-389-4670
Published at Investorideas.com newswire
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