MoneyOnMobile confirms $1.5M credit facility

Indian mobile payment platform MoneyOnMobile has received a new INR 100 million credit facility (approximately $1.5M) from YES BANK. It comes with an aggregate annual interest rate of 11.6 percent and matures in December 2017. A performance guarantee was also ...

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MoneyOnMobile helping India’s unbanked

Many of India’s unbanked have more financial freedom thanks to mobile money solutions, results from the GSMA Global Annual Adoption Survey for Mobile Money suggest. And one of the most successful is MoneyOnMobile, a subsidiary of Calpian Inc. “2015 was ...

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Calpian subsidiary seeing strong growth

Mobile payments fintech company Calpian‘s Mumbai subsidiary MoneyOnMobile is having increasing success serving India’s underbanked. MoneyonMobile allows Indian consumers to pay for purchases and make money transfers via mobile phone at 310,676 retail locations across India. March monthly transaction volume ...

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