Investing Idea; India's 700 Million Unbanked Population: Mobile Payment Stocks to Watch: (C), (CLPI), (VOD)

Point Roberts, WA - April 22, 2013 (Investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors reports on the emerging mobile payment sector in India, estimated to represent a 700 Million unbanked population and how investors can participate in the play.

According to a recent article in Times of India, venture capitalists see the significant opportunity and are investing heavily in the e-payment sector . "A combination of positive regulatory intent and growing market demand is leading to a burst of entrepreneurial activity in the country's electronic payments sector. A number of new ventures offering innovative cashless payment methods are coming up as investors step up to fund and support them."
For investors looking for publicly traded companies in the space, there are a handful of companies already gaining traction.
India Mobile Payment Stocks Snapshot
Calpian, Inc. (OTCQB: CLPI) reported in early April that its Indian subsidiary, Money-on-Mobile, had its largest growth month to date. According to the press release, " As of March 31, 2013, the Money-on-Mobile service offered by its Indian subsidiary, is now being supported by over 130,250 retail locations, increased from 126,200 on February 28, 2013, and accessed by approximately 44 million unique phone number customers, up from the 39.5 million reported from the previous month. The March 2013 processed transaction volume, measured in Indian rupees, was 810 million INR - an approximate 149 million increase over February 2013 processed volume. At current exchange rates, March processed transaction volume was approximately $15 million.
Calpian's (OTCQB: CLPI) stock is trading in the $2.00 range with a 52 week high of $3.25.
According to Calpian CEO, Harold Montgomery, "The growth of Money-on-Mobile is nothing short of astounding. We continue to see, month after month, the number of unique users, retail outlets and processed volume increase dramatically. We could not be more pleased that Money-on-Mobile is thriving in the Indian marketplace."
Last week Vodafone (NASDAQ:VOD) India and ICICI Bank launched M-Pesa - a leading mobile money transfer and payment service .
According to the press release, " Pesa was launched by Vodafone in 2007 and is now available in eight countries, including Kenya, Tanzania and the Democratic Republic of Congo. The service allows customers to send and receive small amounts of money via their mobile phones as securely and simply as sending a text message. Prior to M-Pesa, many people in developing markets had no choice but to move cash around in person or by public transport, exposing them to delays, personal risk and loss of money in certain cases.
Following a successful trial, the service will be offered initially through more than 8,300 specially trained and authorised M-Pesa agents in eastern areas of India, including Kolkata, West Bengal, Bihar and Jharkhand, covering a population of around 220 million people. The service will be rolled out across the rest of India in a phased approach."
Vodafone (NASDAQ:VOD) is trading at $29.71, up 0.12(0.41%) 9:49AM EDT on just under 900,000 shares.
Citibank Indiaa subsidiary of Citigroup, Inc. (NYSE:C) announced earlier this year its launch of a fully integrated and certified mobile payment solution in India and across the Citigroup network, globally. The stock is trading at $44.91 on just over 1.8 million shares in early morning trading.
Investors can research more mobile payment stocks with Investorideas.com stock directories
*article source: http://articles.timesofindia.indiatimes.com/2013-04-01/internet/38188848_1_bhaktha-kesavachar-electronic-transactions-abhijit-bose
About InvestorIdeas.com: Investor Ideas for global investors; invest in what you like!
www.InvestorIdeas.com is a meeting place for investors and public companies in leading sectors. Find investing ideas in biotech stocks, tech and mobile stocks, mining stocks, oil and gas, water stocks, renewable energy, beverage stocks, defense stocks, nanotech and more on TSX, OTC, NASDAQ and global exchanges.
The Investor Ideas newswire is a news source on Google news, Google Currents and Linkedin.com/Today news. Investorideas.com newswire is now available as a free mobile app for iPhone orAndroid. Go here or here for link
Follow Investorideas.com on Twitter
Follow Investorideas.com on Facebook
Follow Investorideas.com News on Linkedin.com/today
Sign up for free stock alerts at Investorideas.com
Become an Investorideas.com Member and access our online stock directories listing thousands of publicly traded stocks in over 14 leading sectors
Article source: http://www.prnewswire.com/news-releases/organic-food-global-industry-guide-200034871.html
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products
or securities. Disclosure: CLPI has compensated Investorideas, com for news publication and content marketing and distribution-five thousand per month and owns 4000 144 shares http://www.investorideas.com/About/Disclaimer.asp
This site is currently compensated by featured companies, news submissions and online advertising.
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
800-665-0411 - Source - www.Investorideas.com