500 Million Indian People Don’t Use A Bank Account

Fintech will bring them into the economy


Fintech companies are on a rapid growth trajectory right now. Like any kind of tech, growth comes from adoption, and the most fertile ground for adoption is the place with the most people are experiencing the most pain points.

MoneyOnMobile (OTC:CLPI) is a $40 million market cap Fintech company (August 2015), founded by Square Inc. founder Jack Mckelvey (NYSE:SQ). The Indian population is rapidly adopting mobile payments as a result of massive under-service by the banking system.

Mobile phone networks are leapfrogging traditional credit & debit card payment networks in India, due to availability and ease of use. MoneyOnMobile is successfully bringing low-cost, seamless solutions to this growing market.