MoneyonMobile allows its users to load their mobile phones with cash at retail touch points and then use this virtual money for prepaid top-up, DTH recharge, post paid bills, utility bills, travel tickets etc.
PRODUCTS & SERVICES:
Mobile Wallet - mainly used for mobile & DTH recharge, pay utility bills, purchase of goods, etc.
Mobile Money Order - SMS-based money order system.
It is mainly focusing the un-banked population in semi-urban and rural areas.
Viewable by subscribers only
The company has around 230,000 merchants who have enabled the service and has 120 million users.
Flipkart - To distribute its gift card in India through its nationwide retail network.
Customers need not have high-end devices to use the service. They offer a device and network agnostic providing the ability to load, save and pay money via SMS. Apps can be used by users with smartphone access.
Board Members and Advisors:
David Utterback, Harold Montgomery, Karl Power, Jim McKelvey
NUMBER OF EMPLOYEES:
Calpian Inc, Yes bank, S7 Group
Scott Arey(CFO); Will Dawson(COO); Harold Montgomery(CEO); Pradeep Phadke(CEO)
As of March 2014, the company has a retail network in 300 cities, 5 lakh subscribers.
DATE OF LAST FUNDING:
TOTAL FUNDING COMMENT:
The company is planning to use the funds to execute their business plan and drive growth across its product lines(Jan 2018).