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India Could Surpass Kenya in Mobile Money Market: Clocked 67.5 Million Unique Users By August 2013

India’s newest mobile payment service, Money-on-Mobile (MoM) recently claimed to have clocked 67.5 million unique users as of August 31, 2013, up by 4.9 million unique users last month. Calpian (OTCMKTS:CLPI) claims that the service is now supported by 157,860 locations, an increase of 6,330 stores from 151,530 locations in July 2013.The mobile payment service provider My Mobile Payments...

‘Money-On-Mobile’: Mobile Wallet Service Could Boost Financial Inclusion In Non-Banking Market Of India

We have had a linger discussion over Google Wallet, which has almost accomplished one year of its journey. Google seems bullish about its Wallet service this time, and obviously, it has become a big challenge for PayPal. At present, number of Google and PayPal’s contenders are available in the market including American Express, Discover, Master Card and Visa. Google...

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