ORLANDO, Fla., June 17, 2015 (GLOBE NEWSWIRE) -- RedChip Companies, Inc., today announced it has issued a research profile on Calpian, Inc. (OTCQB:CLPI), an innovative global mobile payments technology and processing company.
Highlights of the report include:
MoM revenue grew at an average of 10% per month in 2014, and almost 100% per year since its launch in 2012. These figures showcase MoM's phenomenal growth. We expect the Company to continue to show strong revenue growth as CLPI expands its retailers, customer base, and service offerings. Annualized GAAP revenues are approximately $240 million.
Transaction volume serves as a proxy for revenue. Based on the transaction volume reported by the Company, 4QFY15 should be a record quarter of revenue for MoM, and 1QFY16 looks extremely promising, as CLPI reported record transaction processing volumes of Rs 2.425 billion Indian Rupees, or about $38.1 million for May 2015, and Rs 2.012 billion Indian Rupees, or about $31.9 million for April 2015.
91% percent of Indian payments are made in cash; majority of population does not have a bank account, providing a significant need for MoM. India's cash usage is only matched by Kenya. M-PESA has already launched a very successful mobile-money system in Kenya, and India has greater potential due to its much larger economy. There are over 900 million mobile phones and 1.1 billion SIM cards in India. There are 90.5 phones per 100 people. India's banking infrastructure is still in its early stages, with only 200 million bank accounts and a population of 1.2 billion people. This makes a system such as MoM crucial.
Full range of services already available; plan to continue expanding into higher margin services. As higher-value transactions comprise a greater portion of CLPI's revenue, we expect gross margins and profits to increase.
To receive a complimentary copy of the full RedChip Research Report for CLPI, please visit: http://www.redchip.com/assets/reports/CLPI_ResearchProfile_20150615.pdf
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