Calpian-backed mobile money service Money On Mobile has reported revenues of $39.7 million (around Rs 238 crore) for the quarter ended June 30, 2014, registering a 35% growth from $29.4 million revenues in the previous quarter.

Note that Calpian started consolidated Money on Mobile’s revenues within its financial results from the previous quarter, prior to which it was reported as an investment. The company had increased its stake in Digital Payments Processing Limited (Money On Mobile) to a majority 69% in the previous quarter, from 49.9% stake as of December 2013.

The overall consolidated revenues of Calpian was at $45.7 million for the quarter, up 31.7% from $34.7 million in the previous quarter. This includes revenues of $6 million from its domestic US market which grew by 11% sequentially.

Money on Mobile revenue

User base: Calpian claims that Money On Mobile was accessed by 7.5 million unique users in July, although its not clear how many of them were unique users. Last month, the company had claimed that the service was accessed by 5.8 million unique users in June, of which 3.6 million users were unique users.  The service has apparently been accessed by 98.9 million unique users since its inception as of July 31, 2014.

The service is now offered through 2.04 lakh retail locations (204,810 retail locations), up from 1.99 lakh retail locations (198,827 retail locations) in June 2014.

Transaction Volume: The processed transaction volume grew by 3.4% month-on-month to $17.7 million as of July 2014, from $17.1 million in June 2014. Calpian mentions that the processed transaction volume has grown by 59% in the past six months.

Cashflow: Calpian has $5.8 million cash as of June 30, 2014, up from $8 million in the previous quarter. It’s worth noting that the Calpian had concluded a private placement offering of $8.3 million on May 21, 2014. The company attributed this decline to its continued investment in Money on Mobile.

Also read:

– Money on Mobile acquires stake in Done Card parent OSS India
Money on Mobile’s Biometric-based mobile cash-out Pilot
– Calpian increases stake in Money on Mobile to 69%; Raises $8.3M Investment