SOURCE: Calpian, Inc.

June 15, 2016 07:30 ET

Calpian's MoneyOnMobile Has One of the Largest Bases in Mobile Money According to GSMA's Global Annual Adoption Survey

DALLAS, TX and MUMBAI, INDIA--(Marketwired - Jun 15, 2016) - Calpian, Inc. (OTC PINK: CLPI), a world leader in mobile money solutions through its subsidiary MoneyOnMobile in India, announced that MoneyOnMobile is one of the largest number of unregistered users globally, based on the GSMA Global Annual Adoption Survey for Mobile Money. The GSMA represents the interests of nearly 800 mobile operators worldwide and conducts an annual study on the state of the global mobile money industry.

"2015 was a tremendous year for the company: we added over 50,000 new agents and increased our monthly processed volume over 250%. Our network of over 310,000 agents across India is bringing financial services to the vast unbanked population in India. Over 600 million people by some estimates, are unbanked which forces them to transact solely in cash. Using MoneyOnMobile, these people can now digitally pay bills, send money to family and friends, buy travel tickets, and participate in eCommerce -- all by using their mobile phone," said Ranjee Oak, President and Founder of MoneyOnMobile.

Harold Montgomery, CEO of Calpian, commented, "Consumers in India have gone from no phone service to over 1 billion mobile phones rapidly. Now, Indian consumers are embracing a shift from cash to mobile payments, skipping bank accounts and plastic cards used for credit and debit card transactions in the West. MoneyOnMobile is driving this transformational change in the country by providing people with the means to convert their physical cash into a digital form conveniently and safely."

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 313,541 retail locations throughout the country. In April 2016, MoneyOnMobile's monthly processed transaction volume was Rs 5.234 billion Indian Rupees or $78.1 million US Dollars, an increase of 160% from April 2015. The company processed 10.2 million transactions in April, 2016 and had 7.2 million users, with a repeat user base of 4.3 million.

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.

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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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