MUMBAI, October 26, 2016 /PRNewswire/ --
MoneyOnMobile, independently rated as India's leading mobile payment system, announced that MoneyOnMobile has entered into a distribution agreement with Kalighat Society for Development Facilitation (KSDF), to help over 75,000 low-income group women in Kolkata become financially independent as Channel Partners in the MoneyOnMobile network.
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Mr. Ranjeet Oak, President and COO of MoneyOnMobile said, "Kalighat Society for Development Facilitation is an excellent partner for MoneyOnMobile. In many areas of India, it can be difficult to perform even the simplest financial transactions. This partnership extends our reach to these underserved communities. Women who are a part of the Kalighat network will become MoneyOnMobile Channel Partners and will introduce key financial services to other financially excluded women and families in their communities, taking MoneyOnMobile's entire product set to their underserved neighbourhoods and villages. They now have an opportunity to earn their own income, many for the first time in their lives."
"This partnership supports our corporate objective of 'Doing Well, by Doing Good'. We are providing 75,000 women with an earning opportunity as MoneyOnMobile's Channel Partners, empowering them to be more financially independent. During my recent visit to Kolkata, I witnessed first-hand, the wonderful work that Kalighat Society is doing in the local community. We are very proud and excited to provide sustainable income-producing opportunities for these women, supporting them in becoming more self-sufficient while gaining confidence in formal financial services," commented Harold Montgomery, CEO of MoneyOnMobile Inc.
About MoneyOnMobile:
MoneyOnMobile is India's leading mobile payment system that places the second mobile revolution of the country into your hands. A unique and a revolutionary concept, MoneyOnMobile facilitates easy, safe and secure financial transactions to millions of Indians. Our reach in the remotest part of India makes us the stand-alone prepaid instrument in the market today. Our core belief lies in providing service to the unbanked consumer, by the means of financial inclusion and self-dependence, authorized by the Reserve Bank of India (RBI) to set up semi-closed payment system in India, which enables registered users to buy goods, products and services from registered merchants. MoneyOnMobile enables empowerment of the unbanked population by powering their mobile phones.
MoneyOnMobile is constantly innovating to provide a range of unique solutions together with its continuous unparalleled 24x7 transactional convenience by the means of a simple SMS, application and web portal. The company is also the proud recipient of the prestigious RED Herring Global Top 100 Award.
For more information visit http://www.moneyonmobile.in
About Kalighat Society for Development Facilitation:
The Kalighat Society for Development Facilitation (KSDF) aims to provide financial services to 75,000 urban low-income women in Kolkata by building the capacity of women self-help groups, their leaders and federation of slum and pavement dwellers. In doing so, the initiative will create an enabling environment in which community members will move towards financial inclusion by changing their behaviour, using their own assets and engaging more confidently with formal financial services.
For more information about Kalighat Society, please visit http://www.ksdfindia.com
CONTACT INFORMATION
Navaz Damania
Vice President, Corporate Communications
MoneyOnMobile
E-mail: [email protected]
Telephone: +91-22-45021520
Visit us at: http://www.moneyonmobile.in
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