Money on Mobile seeks approvals from FIPB to raise $50 Million from Calpian

My Mobile Payments Ltd (MMPL) is a mobile wallet service in India. It was launched in 2010 and is headed by Shashank Joshi who is a Managing Director and a serial entrepreneur. MMPL owns and operates a mobile money platform called Money on Mobile (MoM) in India

Back in 2011, RBI approved MoneyOnMobile’s request to set up semi closed payment system in India enabling users to buy products and services fro ...

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