MoneyOnMobile Launches New Website

DALLAS, TX and MUMBAI, INDIA--(Marketwired - Oct 24, 2016) - MoneyOnMobile, Inc. (OTCQX: CLPI) announced the launch of its new website, http://www.moneyonmobile.in, displaying a vibrant new look and feel. MoneyOnMobile is independently rated as India's largest mobile payment processing company aimed at the cash customer, and a recipient of the prestigious RED Herring Global Top 100 Award.

The newly launched website offers a sleek and easy way for agents, customers and investors to navigate the MoneyOnMobile website, with improved availability of information. "The launch of our web site is a bold new step for MoneyOnMobile in connection with our appearance at Money2020 in Las Vegas," said Ranjeet Oak, President of MoneyOnMobile. "We can now serve the needs of our rapidly growing customer base and expanding product range. The site has all the essential information in an easy, safe and secure environment."

Harold Montgomery, Chairman and CEO, comments, "We are very excited to launch this new user-friendly website. We also published our newsletter describing happenings at MoneyOnMobile. We are extremely happy that our new website is internally developed by our team of experts and, are proud to share this with our global audience."

About MoneyOnMobile
MoneyOnMobile, Inc. is India's largest mobile payments technology and processing company offering digital payment services to cash using businesses and consumers. The company covers all of India with a single source solution reaching the cash using population of businesses and consumers. MoneyOnMobile services enable Indian businesses and 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 instead of cash. Read about MoneyOnMobile in The New York Times at New York Times - MoneyOnMobile and the company's web site at http://www.moneyonmobile.in.

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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 August 19, 2016. 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.