Calpian Inc. CLPI Archives

WednesdayDec 18, 2013 9:33 am

Calpian, Inc. (CLPI) Rides Momentum from Money-on-Mobile’s Explosive Growth

Earlier this month, e-commerce company Calpian received unconditional approval from the Finance Ministry of the Government of India, through the Foreign Investment Promotion Board (FIPB), for its application to own up to 74 percent of My Mobile Payments Ltd., which currently operates in India as Money-on-Mobile. This FIBP approval enables Calpian to own a majority of Money-on-Mobile and eventually consolidate its company financials, which will result in a clearer market picture of Money-on-Mobile’s growth in India. Money-on-Mobile has grown by more than 300 percent in the 20 months since Calpian made its first investment in India. Money-on-Mobile, a prepaid mobile…

TuesdayDec 10, 2013 12:26 pm

Growing Surge of Calpian, Inc. (CLPI) in Emerging Markets Highlighted in New York Times

Published on Wednesday, December 4, 2013, an article in the New York Times makes note of the growing importance of mobile payments to India’s lower socioeconomic classes. The article features a fascinating profile of one user in Siddharthnagar, a location in rural India, and then discusses the increasing economic relevance that mobile payments are becoming to India’s poorer populations. The article mentions the most rapidly growing new venture in this scene, Money-on-Mobile, a now majority owned subsidiary of Calpian, a publicly traded company that provides to the merchant community an integrated suite of payment processing services and related software enabling…

TuesdayDec 03, 2013 11:17 am

Calpian, Inc. (CLPI) Approved for Majority Ownership of Money-on-Mobile

Calpian, a provider of mobile payments emerging-market operations, reports that it has been approved by the Finance Ministry of the Government of India through the Foreign Investment Promotion Board (FIPB) to own up to 74 percent of My Mobile Payments Ltd., which currently operates as Money-on-Mobile (MOM) in India. The ownership provides another stepping stone for Calpian to further saturate the mobile-payment solutions market in India. “The FIPB approval allows Calpian, Inc. to own a majority of Money-on-Mobile and eventually consolidate our financials, resulting in a clear picture to the market of Money-on-Mobile’s growth in India,” Calpian CEO Harold Montgomery…

FridayNov 29, 2013 7:58 pm

Calpian, Inc. (CLPI) E-Commerce Services Offer the Best of Both Worlds

E-commerce company Calpian offers the best of both worlds in electronic commerce. The company achieves steady cash flow through its U.S. payments business, Calpian Commerce, and explosive growth with Money-on-Mobile, its India-based mobile payments product. Calpian Commerce, a wholly owned subsidiary of Calpian, Inc., offers the merchant community a full, integrated suite of payment processing services and related software-enabling products, including credit and debit card processing, ACH, mobile acceptance and gateway payment solutions. These services and products are provided to U.S. merchants operating in both brick-and-mortar facilities and through the Internet, as well as in settings that require wired and…

WednesdayNov 20, 2013 3:27 pm

Calpian, Inc. (CLPI) Operations Backed by Highly Qualified, Experienced Management Team

Company chairman and CEO Harold Montgomery has been in the payment processing business since 1987. Before leading the formation of Calpian, he was the CEO of A.R.T. Holdings, Inc. (dba Calpian from 2002 to 2009), a company that underwrote and acquired hundreds of merchant portfolios totaling approximately 35,000 merchants. His 23 years of payments industry experience includes work in the payments business including in the ISO, merchant payment processing and mobile payments vertical markets and in sourcing capital. He’s a widely known industry authority, a speaker at regional and national trade shows and writes a regular monthly column for Transaction…

ThursdayNov 14, 2013 10:49 am

Calpian, Inc. (CLPI) Money-on-Mobile Subsidiary Reports Continued Gains in Retail Merchants and New Customers

Today, Calpian announced that, as of the end of October, the Money-on-Mobile service offered by its Indian subsidiary is now being supported by 167,145 retail locations, an increase of 4,069 stores from 163,076 stores just one month earlier. Also notable, Money-on-Mobile was accessed by more than 75 million unique phone number customers from inception through October 31, 2013. The monthly unique user count increased by 3.6 million between September 30 and October 31 of this year. Processed transaction volume for last month, which is measured in Indian rupees, was slightly over 824.5 million INR. At current exchange rates, October processed…

TuesdayNov 12, 2013 4:16 pm

Money-on-Mobile, a Subsidiary of Calpian, Inc. (CLPI), Receives Two Prestigious Awards

Money-on-Mobile, a subsidiary of Calpian, Inc., was recently honored with two prestigious and highly competitive awards for its outstanding contributions in the area of mobile-based financial services. Founded in 2012, Money-on-Mobile is the largest mobile payments company in India. The first award presented to the company, The FIPS Award, was given by Elets Technomedia Private Limited. This honor is awarded to companies that offer outstanding financial services through the creation of an excellent payment system and also contribute to the inclusive growth of India’s economy. The second award, The Aegis Graham Bell Award for Innovation, was presented to Money-on-Mobile in…

TuesdayNov 05, 2013 10:58 am

Calpian, Inc. (CLPI) Money-on-Mobile Honored with Two Respected Industry Awards

Calpian, through its subsidiaries, provides an integrated suite of payment processing services and related software enabling products to the U.S. merchant community. The company has also established a powerful presence overseas through its Money-on-Mobile subsidiary, a provider of pre-paid mobile payment solutions to more than 163,000 retail locations and more than 71 million unique users in India. In recognition of its achievements in the under-banked and highly populated Indian market, Money-on-Mobile has won two awards honoring the company’s payment systems services and innovation in the mobile payment market. The FIPS Award, presented by Elets Technomedia Private Ltd., was given for…

ThursdayOct 31, 2013 2:45 pm

Calpian, Inc. (CLPI) CEO Harold Montgomery to Present at Sixth Annual LD Micro Conference in December

Calpian reported that its chairman and Chief Executive Officer Harold Montgomery will be presenting at the sixth annual LD Micro Conference in Los Angeles, Calif., from December 3-December 5. Montgomery is a recognized industry leader who has provided expert testimony to the U.S. Congress and Federal Reserve Bank on payments-related issues. His expertise also regularly appears in numerous industry publications such as Transaction World Magazine. In his presentation at the LD Micro Conference, Montgomery will discuss the company’s domestic operations as well as the services platform of its Indian subsidiary, Money-On-Mobile, which provides pre-paid mobile payment solutions to more than…

FridayOct 25, 2013 9:56 am

Calpian, Inc.’s (CLPI) Money-on-Mobile Receives 5-Year Renewal Authorization to Continue Mobile Payments System in India

Calpian, a company that maintains mobile payment emerging-market operations through its subsidiary in India, today announced that its Money-on-Mobile subsidiary, My Mobile Payments Ltd., has received a five-year renewal of its authorization to operate a mobile payments system in the country. Money-On-Mobile is the largest provider of mobile currency transactions in India. As of September 31, 2013, the service has more than 71 million unique users and more than 163,000 participating locations in India. Money-on-Mobile CEO Shashank Roshi in a news release stated, "The license granted to Money-on-Mobile was originally for 2 years and is now renewed for 5 years.…

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