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

DALLAS and MUMBAI, India, June 14, 2017 /PRNewswire/ -- 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.

Safe Harbor Statement  
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on August 19, 2016. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Web site: http://MoneyOnMobile.in
Twitter: https://twitter.com/MoneyOnMobile
Facebook: https://www.facebook.com/MoneyOnMobile
LinkedIn: https://www.linkedin.com/company/MoneyOnMobile
YouTube: https://www.youtube.com/channel/UCxqO4N1z9acnQmEysjqfBaQ

SOURCE MoneyOnMobile

Related Links

http://moneyonmobile.in