Independent sales organization Calpian says its Indian unit's Money-on-Mobile service surpassed 130,000 retail locations at the end of March, up from 126,000 at the end of February.

Dallas-based Calpian also said the Money-on-Mobile service was accessed by about 44 million unique phone numbers, up from 39.5 million the previous month. These figures demonstrate how smartphone-based payments and other financial services are finding traction in a variety of emerging markets, the company says.

"The growth of Mobile-on-Money is nothing short of astounding. We continue to see, month after month, the number of unique visitors, retail outlets and processed volume increase dramatically," said Harold Montgomery, CEO of Calpian, in a release. Calpian's March transaction volume was the equivalent of about $15 million.

The use of mobile phone-based money services has grown in recent years in regions that lack a widespread brick-and-mortar banking infrastructure.

Other mobile-money efforts include Safaricom's M-Pesa in Kenya as well as programs from MasterCard, Visa and regional banks in Africa. Handset maker Blackberry also recently introduced a mobile-money service in Asia.  

 

 

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