Calpian-backed mobile money service Money On Mobile has reported revenues of Rs 322.1 crore ($52.2 million) for the quarter ended September 30, 2014, registering a 34% growth from Rs 240.5 crore in the previous quarter and up 76.3% from Rs 182.7 crore in the quarter before. Note that Calpian started consolidated Money on Mobile’s revenues within its financial results from Q4-FY14, 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 first calendar quarter of 2014, from 49.9% stake as of December 2013. The overall consolidated revenues of Calpian was at $59.2 million for the quarter, up 30% from $45.7 million in the previous quarter. This includes revenues of $6.1 million from its domestic US market which grew marginally by 2% sequentially. User base: Calpian claims that Money On Mobile was accessed by 7.9 million unique users in September this year, as compared to 7.7 million unique users in August this year. The service has apparently been accessed by more than 107 million unique users since its inception as of September 31, 2014. The service is now offered through 2.19 lakh retail locations (219,563 retail locations), up from 2.11 lakh retail locations (210,497 retail locations) in August 2014. Transaction Volume: The processed transaction volume grew by 11.5% month-on-month to $20.3 million as of September 2014, from $18.2 million in August 2014. Calpian mentions that the processed transaction volume has grown by 71% in the past six months. Cashflow: Calpian has $2 million cash as of September 30, 2014, down from…
