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Calpian's MoneyOnMobile and Kalighat Society Team Up to Empower Over 75,000 Women Become Financially Independent, Increasing Financial Inclusion in Underserved Areas
Calpian's MoneyOnMobile and Kalighat Society Team Up to Empower Over 75,000 Women Become Financially Independent, Increasing Financial Inclusion in Underserved Areas.
About this update from Moneyonmobile, Inc
[{"type":"text","content":"\n \n \n Calpian's MoneyOnMobile and Kalighat Society Team Up to Empower Over 75,000 Women Become Financially Independent, Increasing Financial Inclusion in Underserved Areas\n \n \nCalpian's MoneyOnMobile and Kalighat Society Team Up to Empower Over 75,000 Women Become Financially Independent, Increasing Financial Inclusion in Underserved Areas\n \n DALLAS, TX and MUMBAI, INDIA--(Marketwired - Jul 18, 2016) - Calpian, Inc. (OTC PINK: CLPI), a world leader in mobile money solutions through its subsidiary MoneyOnMobile in India, announced that MoneyOnMobile has entered into a distribution agreement with Kalighat Society for Development Facilitation to help the over 75,000 low-income women in the Kolkata area become financially independent as mobile money agents in the MoneyOnMobile network.\n Ranjeet Oak, President & Co-Founder of MoneyOnMobile said, \"Kalighat Society is an excellent partner for MoneyOnMobile. In many areas of India, it can be difficult to perform even the simplest financial transaction. This partnership extends our reach to these underserved communities. Women who are part of the Kalighat network will become MoneyOnMobile agents and will introduce key financial services to other financially excluded women and families in their communities, taking MoneyOnMobile's entire product set to their underserved neighborhoods and villages. They now have an opportunity to earn their own income, many for the first time in their lives.\"\n \"This partnership supports our corporate objective of 'Doing Well, by Doing Good'. We are providing 75,000 women with an earning opportunity as mobile money agents, empowering them to be more financially independent. During my recent visit to Kolkata, I witnessed firsthand the wonderful work that Kalighat Society is doing in the local community. We are very proud and excited to provide sustainable income-producing opportunities for these women, supporting them in becoming more self-sufficient while gaining confidence in formal financial services,\" commented Harold Montgomery, CEO of Calpian.\n MoneyOnMobile is a mobile payments service provider allowing Indian consumers to use their mobile phones to pay for goods and services, or transfer funds from one person to another using simple SMS text functionality. The service is now offered to Indian consumers through 313,541 reta...