MoneyOnMobile Receives Two Prestigious Awards for the Best Implementation of Digital Payments in India

DALLAS and MUMBAI, India, June 14, 2017 MoneyOnMobile, (OTCQX: MOMT) has received the ‘The Best Mobile Payment Solution of the Year’ Award at the Elets Digital Banking & Payments Conclave held on 18th May 2017, Mumbai and the ‘Best Implementation of Digital Payments’ Award at the BusinessWorld Digital India Summit, held on 26th May 2017 at New Delhi.

MoneyOnMobile launched its ATM to facilitate cash withdrawals at MoneyOnMobile’s retail network pan India and has now successfully implemented the ATM at more than 1500 retail stores.

“It is very heartening to note that our efforts to democratize digital payments in India has brought us a lot of recognition. Recently MOM ATM received two prestigious awards from the Digital Payment industry. I would like to take this opportunity to congratulate team MoneyOnMobile for their efforts in making this possible,” commented Jt. Managing Director, Mr Ranjeet Oak.

“We are proud and honored to have our team recognized by these prestigious institutions. The team is always thinking of how they can provide our retailers the best products and solutions to help with their business. Recognition like this validates the thoughtful energy and dedication our team gives every day and inspires them to always be striving for continued improvement,” said Harold Montgomery, Chairman and CEO of MoneyOnMobile, Inc.

About MoneyOnMobile  
MoneyOnMobile, Inc. is a global mobile payments technology and processing company offering mobile payment services through its Indian subsidiary. MoneyOnMobile enables Indian consumers to use mobile phones to pay for goods and services or transfer funds from one cell phone to another. It can be used as simple SMS text functionality or through the MoneyOnMobile application or Internet site. MoneyOnMobile has more than 330,000 retail locations throughout India.

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