SOURCE: Calpian, Inc.

May 13, 2016 10:00 ET

Calpian's MoneyOnMobile April 2016 Grew Processing Volume 160% Over April 2015

DALLAS, TX and MUMBAI, INDIA--(Marketwired - May 13, 2016) - Calpian, Inc. (OTC PINK: CLPI), a world leader in mobile money solutions through its Mumbai-based subsidiary MoneyOnMobile in India, announces that in April the company's monthly processed transaction volume was Rs 5.234 billion Indian Rupees or 78.6 million US Dollars, an increase of 160% from April 2015 and a decrease of 16% from March's Rs 6.233 billion Indian Rupees. MoneyOnMobile's user base was 7.2 million customers. 

MoneyOnMobile is a mobile payments service provider that allows 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 313,541 retail locations throughout the country, which is an increase of 2,865 stores from March's 310,676 stores. The company continues to transform the lives of people in India through its wide array of services and its country-wide mobile payment network. These customers have historically been underserved by the traditional financial services industry.

Ranjeet Oak, Co-Founder and President of MoneyOnMobile, commented, "We continue to add stores to our network and increase the reach of MoneyOnMobile services, digging deeper into large and small metropolitan areas where financial services are needed. Many of our customers are migrant laborers for whom traditional banking is not available or is not a good fit. We are serving the needs of this population every day."

"April processing volumes were affected by 12 public national and state holidays during which our customer base, which has a large segment of migrant laborers, returned home for several weeks and do not need to send money. Domestic remittances declined during the month, while other transaction types were not affected as much," says Harold Montgomery, Calpian Chief Executive Officer.

MoneyOnMobile recognizes revenue for transactions as services are performed and when the digital currency is transferred from a consumer's wallet. Revenue varies depending on the type of transaction. Total processed volume includes consumer wallet inbound load amounts and outbound purchase transaction amounts since each is considered a separate transaction under industry norms. Processed volume and other statistics cited herein are intended to be used as general indicators of growth only.

About Calpian

Calpian, Inc. is a global mobile payments technology and processing company offering 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.

Safe Harbor Statement

This press release 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 press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.

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