Mobile payments technology and processing company, Calpian, reported revenues rose 7% sequentially. Domestic revenues declined 5%from the prior quarter, but India revenues climbed 11%.
Calpian consolidated revenues were $63.4 million for the quarter ending December 31, 2014, up $4.2 million, a 7 percent increase compared to $59.2 million for the quarter ending September 30, 2014, which was up $13.2 million, a 30 percent increase over the quarter ending June 30, 2014.
Revenues included Money-On-Mobile which contributed $57.7 million to the total, an increase of 8 percent over the prior quarter. Calpian Commerce and the residual acquisition business contributed $5.7 million of the total revenue, a 5 percent decrease over the prior quarter, which was expected due to sale of assets which occurred in the previous quarter.
Money-On-Mobile revenues were 3.6 billion Indian rupees for the quarter ending December 31, 2014, up 11 percent from the prior quarter’s mark of 3.2 billion Indian rupees. (Note: the Indian Rupee to U.S. Dollar exchange rate on December 31, 2014 was USD$1: INR 63.5901).
Domestic revenues were $5.7 million for the quarter ending December 31, 2014, down 5 percent from the prior quarter revenue of $6 million due to asset sales. Revenues included those from Calpian Commerce which contributed $5 million of the total.
Calpian is a mobile payments technology and processing company offering mobile payment services through Indian subsidiary Money-On-Mobile and domestic transaction services through Calpian Commerce. Money-On-Mobile is a mobile payments service provider that enables Indian consumers to use their mobile phones to pay for goods and services, or transfer funds from one cell phone to another using simple SMS text functionality. Calpian Commerce provides the U.S. merchant community with an integrated suite of payment processing services and related software products.
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