
Calpian, Inc. is a global mobile payments technology and processing company offering mobile payment services through its Indian subsidiary Money-On-Mobile (MoM) and domestic transaction services through Calpian Commerce. MoM is India's largest cell phone payments network. MoM allows consumers to pay bills and send money to other consumers throughout India using only their cell phone (smart- or feature-phone) through MoM's proprietary system. The Company addresses this greenfield opportunity in a country of 1.2 billion people, at least 50% of whom are unbanked and have no access to the convenience of electronic payments common in the West. MoM is growing rapidly - 9.7% from May to June - and over 10% per month on average, with 141.7 million cumulative unique users and 269,404 retail distribution points throughout India. The Company processes approximately $41.8 million in transaction processing volume per month. MoM is poised to be the winner in the world's largest mobile payments opportunity. MoM has been called “the Paypal of India” but is more correctly dubbed the M-PESA (a successful mobile-money system in Kenya) of India.
Calpian Presentation at RedChip's April 2016 Conference - YouTube |
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