SOURCE: Calpian, Inc.

August 01, 2016 08:00 ET

Calpian's MoneyOnMobile Selected as a Red Herring Global Top 100

DALLAS, TX and MUMBAI, INDIA--(Marketwired - Aug 1, 2016) - Calpian, Inc. (OTC PINK: CLPI), an innovative global mobile payments technology and processing company, announces its Mumbai-based subsidiary, MoneyOnMobile, has been selected as a Red Herring 2015 Top Global award recipient.

Out of field of more than 1,100 companies around the globe, MoneyOnMobile was selected as a Top 100 at Red Herring's annual event in Los Angeles. Alex Vieux, Chairman of Red Herring, said, "The Top 100 Global is truly the best of the best."

The Red Herring editorial staff uses a number of criteria to evaluate companies including financial performance, market share, quality of the management team and ability to execute.

Having touched the lives of more than 170 million people in India through our agents in over 600 cities, we are bringing financial services to the masses in India. The Red Herring award is a great validation that you can be great by doing good.

"Having grown our mobile payments business year-over-year, it is wonderful to be recognized by Red Herring," said Ranjeet Oak, Founder and President of MoneyOnMobile.

"This award is not only for MoneyOnMobile and its dedicated, passionate team; but also our 315,000 dynamic agents who help bring our services to consumers across India," commented Harold Montgomery, Calpian Chief Executive Officer.

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 - Money on Mobile.

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This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on December 1, 2015. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

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