MoneyOnMobile Quarterly Processing Volume Increases More than 110%

DALLAS and MUMBAI, India, July 27, 2018 /PRNewswire/ — MoneyOnMobile, Inc. (OTCQB: MOMT), one of India’s largest mobile phone-based payment networks, announced a greater than 110% increase in quarterly processing volume growth from Q1-FY18 (April – June 2017) to Q1-FY 19 (April – June 2018).

“We are excited to see this yearly comparison of quarterly processing volume growth. Processing volume is the amount of money flowing through our payment network, and while it does not correlate with revenue on a 1:1 basis, it does give us a helpful measure of how well retailers are growing their business through our payment network. We look forward to providing more detail on recent growth drivers during our upcoming earnings call,” says Harold Montgomery, CEO and Chairman, MoneyOnMobile.