Calpian's Money-On-Mobile Partners with Flipkart, India's Leading eCommerce Marketplace

Oct. 16, 2015 8:01 am

DALLAS, TX and MUMBAI, INDIA / ACCESSWIRE / October 16, 2015 / Calpian, Inc. (PINKSHEETS: CLPI), an innovative global mobile payments technology and processing company, announces its Mumbai-based subsidiary, Money-On-Mobile, created a strategic business alliance with Flipkart, India's leading e-commerce marketplace. Under this agreement, Money-On-Mobile will distribute Flipkart gift card in India through its nationwide retailer network.

With 278,754 retailer locations, Money-on-Mobile has one of the largest distribution networks in the country while Flipkart is India's largest online marketplace, selling more than 30 million products through their website and mobile app. Consumers can purchase a Flipkart gift cards by visiting any Money-on-Mobile retail outlet. This gift card can be used to pay for any product purchased on Flipkart's website or mobile app. Money-on-Mobile is also facilitating the distribution of the gift card via SMS, web and its own multilingual mobile app. Flipkart gift card is an ideal gifting option to family and friends for any occasion and the recipient can pay with it online to buy a product of their liking.

According to Shashank Joshi, Founder and Managing Director of Money-On-Mobile, "We are making shopping at Flipkart accessible to a large section of Indian consumers, who don't have debit/credit card. Many consumers are afraid of sharing their bank account or their credit card and debit card details online. Currently many of these consumers resort to Cash on Delivery (COD), which has higher cost for Flipkart and at many PIN codes COD facility is not available. In all these cases, gift cards are a useful pre-paid payment option."

About Calpian

Calpian, Inc. 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. 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. Read about Calpian and Money-On-Mobile in The New York Times at New York Times - Money on Mobile.

About Money-On-Mobile

Money-On-Mobile is one of India's leading mobile payment solutions provider. Money-On-Mobile enables purchase of goods, making easy payment top-ups, payment of utility bills, DTH recharges, domestic Mobile Money Orders and more, just with the click of a button. Money-On-Mobile is the first in India to have an application with multi-lingual capability for a service in this category. Money-On-Mobile is currently authorized by the Reserve Bank of India (RBI) to set up semi-closed payment system in India which enables registered users to buy good products and services from registered merchants. With Money-On-Mobile, Stop at Nothing Pay for Anything.

Safe Harbor Statement

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.

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 11, 2014. 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.

Investor Relations Contact:

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535 Fifth Avenue, 24th Floor | New York, NY 10017
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SOURCE: Calpian, Inc.

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October 16, 2015 - 8:01 AM EDT

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