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 (http://www.paymenteye.com/) about what excites him in payments. You can see the full interview here (http://investors.money-on-mobile.com/2016/08/05/jim-mckelvey-co-founder-square-talks-future-mobile-payments).
"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.
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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