- CEO
- Jeremy G. Roe
- Full Time Employees
- 407
- Sector
- Technology
- Industry
- Software - Infrastructure
- Address
- 500 North Akard Street Dallas TX United States of America 75201
- IPO Date
- Mar 19, 2009
- Business
- MoneyOnMobile, Inc. is a technology and transaction processing company specializing in mobile payments solutions primarily focused on the Indian market. The company offers a suite of products and services including a mobile SMS and smartphone application known as MoneyOnMobile, which features an m-Wallet enabling users to perform mobile recharge, utility bill payments, DTH account top-ups, retail shopping, travel-related services, and banking transactions. Its network includes over 350,000 retail locations across India, facilitating peer-to-peer transfers and consumer-to-retailer transactions. The company operates in the transaction and payment processing services sector, targeting consumers and merchants needing convenient mobile payment methods. Founded in 2006, MoneyOnMobile is headquartered in Dallas, Texas.
Recent strategic developments include the launch of additional financial services such as accident insurance and digital gift cards for major e-commerce vendors like Amazon.in and Flipkart, enhancing consumer service offerings. MoneyOnMobile has also expanded its technological infrastructure by adding experienced board members specializing in technology and network infrastructure to drive innovation and operational performance. Furthermore, the company has secured partnerships with leading financial institutions and technology firms, including an agreement with Enfold and Microsoft to provide digital lockers for its extensive user base in India. It continues to invest in growing its mobile payments ecosystem, recently announcing plans for a $6.2 million investment in its India operations, and has launched a biometric-based ATM cash-out product to expand cash access for users.
Overall, MoneyOnMobile operates as a mobile payments technology platform with a comprehensive service portfolio that incorporates mobile recharges, bill payments, travel ticket bookings, peer-to-peer money transfers, digital financial services, and a robust retail merchant network across India. Its strategic expansions and product launches within the last two years further solidify its position in the Indian digital payments space, leveraging technology to enhance user experience and market penetration.