MoneyOnMobile Inc (MOMT) Financier

MoneyOnMobile, Inc. is a processing and mobile payments technology company. The company is headquartered in Sheridan, Wyoming. The company went IPO on 2009-02-27. The firm enables Indian retailers to use mobile phones to accept payment for goods and services or transfer funds from one person to another. The company can be used as simple SMS text functionality or through the MoneyOnMobile application or Internet site. The company has more than 350,000 retail locations throughout India. With MoneyOnMobile’s system, retailers use their mobile phones to make payments on behalf of their customers for utilities or to transfer currency to other consumers using text-messaging and mobile application technology. The company enables Indian retailers to use their mobile phones to pay for third party goods and services on behalf of a consumer, or transfer funds from one consumer to another, or to allow a consumer to withdraw from their bank account. The Company’s payment service is available in every state within India.