Calpian, Inc. (OTCQX: CLPI) is a global mobile payments technology and processing company offering mobile payment services through Indian subsidiary Money-On-Mobile and domestic transaction services through Calpian Commerce, and Money-On-Mobile 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; Calpian Commerce provides the U.S. merchant community with an integrated suite of payment processing services and related software products, according to the company’s website (see here: www.Calpian.com). SNNLive spoke with Harold Montgomery, CEO of Calpian, Inc./Calpian's Money-on-Mobile at the 4th Annual SeeThruEquity MicroCap Conference 2015 in New York City, NY.
“Money-On-Mobile is India’s largest pre-paid, mobile phone payment system…What Money-On-Mobile does is give them the chance to make a single deposit as if we were a bank and then use their cell phone to transact, and believe it or not, there’s over a billion cell phones in India today. So, the platform for a payment system is right there and we have 260,000 retail locations, where people can deposit cash and then communicate with us via SMS text to pay different bills or send money person-to-person. Right now, we’re growing the system about 20% a month,” Mr. Montgomery begins.
Mr. Montgomery goes on to discuss the technology capabilities necessary that Money-On-Mobile operates on, why the Company entered and focus specifically on the India market, how a consumer typically engages with the technology, as well as how Money-On-Mobile is marketed to the consumer, the mobile application version of the technology, his background, and the electronic/mobile payment market.
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