Money-On-Mobile, a mobile money service from the Calpian backed mobile payment service provider My Mobile Payments Ltd (MMPL), claims to have clocked 67.5 million unique users as of August 31, 2013, up from 62.6 million unique users last month.
Calpian claims that the service is now being supported by 1.58 lakh locations (157,860 locations), up from 1.52 lakh locations (151,530 locations) in July 2013. The processed transaction volume for the month was slightly over Rs 93.3 crore, up 2% from Rs 91.2 crore in July 2013. The company however noted that at current exchange rates, the transaction volume declined by 5.33% to $14.2 million, down from $15.0 million in July 2013, since the rupee value declined by nearly 10% in August.
Interestingly, in a SEC filing filed yesterday, Calpian claims that its competitor Beam Money’s monthly processed transaction volume is at Rs 9.1 crore as of May 2013 while Airtel Money’s monthly processed transaction volume is at Rs 1.5 crore. It also notes that Airtel Money currently has 1.1 lakh locations (110,000 stores), while Beam Money has 50,000 locations.
Monthly active users & Repeat users: Money on Mobile currently has 8.8 million 30 day active users as of July 2013, marginally up from previous quarter and the month before, as indicated by the graph below
Repeat users was at 4.0 million as of July 2013, marginally down from the previous month but up from the month before, as indicated by the graph below:
MMPL Financials: As per a SEC filing filed by Calpian in August 2013, MMPL has reported net loss of around $171,000 in June 2013 and a gross profit of around $258,000. The company is processing over 402,000 daily transactions as of July 31, 2013.
In a separate SEC Filing, Calpian has mentioned that the combined revenue of DPPL and MMPL was at $82 million (82,019,848) for the quarter ending June 30, 2013, up from $39.1 million ($39,136,293) revenue in the same quarter last year. It posted increased losses of $1.87 million for the quarter, up from $411,623 loss in the same quarter last year. Calpian hasn’t provided any revenue breakup of these two entities.
Calpian Investment: Calpian has invested around $7.36 million into DPPL as of June 30, 2013 and currently owns 62.5% stake in the company. Note that this also includes advances made by the company which has not yet been certified by DPPL. In March 2012, Calpian had indirectly invested in MMPL, by investing in DPPL (Digital Payments Processing Limited), which in turn had entered into a service agreement with MMPL.
Calpian said that it plans to acquire additional shares worth $3.43 million ($3,434,000) in DPPL until it reaches an approximate 74% stake in the company. If all the expected investment tranches are made, Calpian would have invested a total of $10.8 million in cash and issued 6.1 million shares (6,123,077 shares) of its common stock, up from its initial commitment of $9.7 million investment and 6.1 million shares (6,123,077 shares) in common stock.
Money On Mobile competes with Airtel Money, Vodafone’s M-Pesa, Atom Technologies, Beam Money, Paymate, Zipcash, Happay and FINO’s Alpha Payment Services among others.
Updates: Added 30 day active user stats and repeat user stats.
– Money On Mobile Claims To Have 57.8M Users As Of June 2013; Financials
– Money-On-Mobile: 53M Users, Rs 887.3M Processed Transactions As Of May 2013
– Money on Mobile Clocks 32.5M Users In 2012; Transaction Margins
– The Structuring Of Money On Mobile’s $29.6M Funding From Calpian