DALLAS, TEXAS and MUMBAI, INDIA--(Marketwired - Jul 25, 2016) - Calpian, Inc. (OTC PINK: CLPI), a world leader in mobile money solutions through its subsidiary MoneyOnMobile in India, announced that MoneyOnMobile has entered into a distribution agreement with Sahaj e-village initiative to distribute bill payment and money transfer services through Sahaj's over 42,000 locations throughout ten sates in India.
"Sahaj is a well-respected partner having established over 42,000 centers in villages throughout India capable of delivering key services such as banking and government documents to over 400 million citizens. Now, each center will be capable of delivering the full range of MoneyOnMobile services as well so that villagers in remote areas can top up cell phones and execute money transfers," said Ranjeet Oak, President and Founder of MoneyOnMobile.
Harold Montgomery, CEO of Calpian, commented "I recently visited Sahaj and was very impressed with the e-Village initiative which provides key services to villages far from the major cities. I look forward to working closely with Sahaj to increase our efforts at financial inclusion. Sahaj is a pioneer in providing entrepreneurial opportunities in under-served areas -- each Sahaj e-Village office represents a job opportunity. MoneyOnMobile also creates jobs through its revenue sharing structure and we are very proud to partner with Sahaj to increase the number of people who can now make a living by offering our services in their village. Our partnership with Sahaj supports our philosophy of doing well by doing good."
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.
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.
Sahaj e-Village Limited, India's largest rural network of IT connected centers, is a venture of SREI Infrastructure Finance Limited (SIFL). The e-Village initiative bridges the digital divide between urban and rural India under the flagship of National e-Governance plan of the Government of India. Sahaj operates over 42,000 Sahaj Centers across 10 states that touch 400 million consumer lives. Sahaj offers a range of over 50 services, including financial inclusion, financial services, utility bill collection services, NREGA data collection, government form submission, e-Learning, mobile top ups, railway & flight ticket booking, skill development, advertising, etc. Sahaj distributes MoneyOnMobile services through its VLE network (Village Level Entrepreneurs) for providing facilities like mobile top-ups, DTH recharge, travel ticketing, utility bill payments etc. For more information about Sahaj, please see http://www.sahajcorporate.com/
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