DALLAS, TX and MUMBAI, INDIA — (Marketwired) — 05/31/16 — Calpian, Inc. (OTC PINK: CLPI), a world leader in mobile money solutions through its subsidiary MoneyOnMobile in India, today announced that MoneyOnMobile and Enfold signed an agreement to provide digital lockers for the 170 million individuals that constitute MoneyOnMobile–s unique user base. MoneyOnMobile is a leading provider of financial-services-via-mobile-phone in India. It currently processes over US$ 1 billion through its systems on an annual basis and has delivered services to over 170 million Indians directly and through its 310,000 channel partners and retail outlets across the country.
Enfold is a leading provider of white-label digital lockers worldwide, with a particular focus on the telecom, banking and insurance sectors. It is backed by a range of investors, led by the Shapoorji Pallonji Group of Mumbai, India. The digital locker service will be hosted on Microsoft–s Azure data centers located in India. Both parties believe that this agreement is unprecedented — it covers more than 12% of India–s population, and is by far the largest deployment of digital lockers in the world. It provides a very large number of people with the ability to securely store their important personal documents — Aadhaar card, PAN card, various certificates, photos, videos — any digital file they want — including transaction receipts each time they use the MoneyOnMobile service. Documents can be added to the lockers via email, fax, upload and via photos taken by smartphone cameras.
“This agreement represents a massive expansion of the services we provide to the people of India. Our digital locker is a major convenience for our customers, as it provides them with a secure and very functional single common place to store and manage receipts for not just all the various financial services we provide, but also any other digital file they want to store,” said Ranjeet Oak, Co-Founder & President of MoneyOnMobile. “We also intend to apply for empanelment as a National Digital Locker provider as soon as possible to bring millions of our customers into Prime Minister–s Digital India mandate,” he added.
“Enfold is very pleased to provide the technology that underlies this agreement,” said K. Digvijay Singh of Enfold India Pvt. Ltd. “We want to thank Microsoft for providing us with the resources to build and test our digital lockers at scales of hundreds of millions, so that we are in a position to provide MoneyOnMobile with the speed, scale and size they need for this type of mega-offering.” He also stated that, “The current plan is to provide a core of highly functional features in all lockers, with additional features to increase the range of offerings as demand grows.”
“Enfold–s agreement with MoneyOnMobile illustrates the value that Microsoft Cloud is bringing to the Indian market,” said Mark Ozur, Partner Architect and General Manager with Microsoft–s Azure team. “By adopting Azure as their technology platform Enfold has gained the ability to scale to hundreds of millions of users as their business grows. The sky is the limit as we jointly explore additional capabilities to integrate into the Digital Locker offering.”
Calpian, Inc. offers mobile payment services through Indian subsidiary MoneyOnMobile. 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. Read about Calpian and MoneyOnMobile in The New York Times at .
This presentation contains forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. With the exception of historical information, the matters discussed in this presentation are forward-looking statements that involve a number of risks and uncertainties. The actual future results of Calpian, Inc. could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company–s operations, inability to hire and retain qualified personnel, and changes in the general economic climate, as well as the risk factors disclosed in Calpian, Inc.–s Form 10-K filed on December 1, 2015. Calpian, Inc. may, in some cases, use terms such as “anticipates,” “continue,” “estimates,” “predicts,” “believes,” “potential,” “proposed,” “expects,” “plans,” “intends,” “may,” “could,” “should,” “might,” “will,” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by Calpian, Inc. or any other person, that such forward-looking statements will be achieved. Calpian, Inc. undertakes no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. This presentation does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.
Harold Montgomery
CEO
Calpian, Inc.
214-837-2765
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