SOURCE: Calpian, Inc.

Calpian, Inc.

August 08, 2016 08:00 ET

Calpian Board Member Jim McKelvey Speaks to PaymentEye

DALLAS, TEXAS and MUMBAI, INDIA--(Marketwired - Aug 8, 2016) - Jim McKelvey, co-founder of Square and board member of Calpian, Inc. (OTC PINK: CLPI), a world leader in mobile money solutions through its subsidiary MoneyOnMobile in India, was recently interviewed by PaymentEye ( about what excites him in payments. You can see the full interview here (

"Jim has been a wonderful addition to our board given his extensive experience in getting companies through their initial growth phase, not to mention his payment expertise. I am thrilled he sees us being able to transform the payments landscape in India similarly to what Square has done in the United States," commented Board Chairman and CEO Harold Montgomery.

In the interview when he is asked about what companies excite him in payments, Jim says, "The ones dealing with the bottom part of the pyramid. They are the people who have traditionally not participated in the system. Square has some new products addressing new areas that were historically outside the fin system. I'm also very excited about MoneyOnMobile, which is enabling payments in electronic format for hundreds of millions of people in India."

MoneyOnMobile is a mobile payments service provider allowing Indian consumers to use their mobile phones to pay for goods and services, or transfer funds from one person to another using simple SMS text functionality. The service is now offered to Indian consumers through 319,292 retail locations throughout the country.

About Calpian

Calpian, Inc. offers mobile payment services through Indian subsidiary MoneyOnMobile.

MoneyOnMobile is a mobile payment 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. Read about Calpian and MoneyOnMobile in The New York Times at New York Times - MoneyOnMobile.

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This presentation contains forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. With the exception of historical information, the matters discussed in this presentation are forward-looking statements that involve a number of risks and uncertainties. The actual future results of Calpian, Inc. could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations, inability to hire and retain qualified personnel, and changes in the general economic climate, as well as the risk factors disclosed in Calpian, Inc.'s Form 10-K filed on December 1, 2015. Calpian, Inc. may, in some cases, use terms such as "anticipates," "continue," "estimates," "predicts," "believes," "potential," "proposed," "expects," "plans," "intends," "may," "could," "should," "might," "will," or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by Calpian, Inc. or any other person, that such forward-looking statements will be achieved. Calpian, Inc. undertakes no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. This presentation does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.

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