My Mobile Payments Ltd. Issues Statement Clarifying the News That Appeared in the Indian Media

MUMBAI, February 23, 2015 /PRNewswire/ --

My Mobile Payments Ltd. (MMPL) issues the following statement to clarify news that appeared in the Indian media on February 19, 2015.

"A recent report in the Indian press inadvertently quoted me that we are in 'advanced talks' for a fund raise for my company. To clarify, MoneyOnMobile is not involved in advanced discussions for a fund raise," says Shashank Joshi, Managing Director, My Mobile Payments Ltd.

About MoneyOnMobile 

My Mobile Payments Limited (MMPL) is one of India's leading mobile payment solutions company, through its 'MoneyOnMobile' brand; a service aimed at bringing quick, simple and efficient mobile payment solutions to everyone. MoneyOnMobile enables purchase of goods, making easy payment top-ups, payment of utility bills, DTH recharges and more, just with the click of a button. MoneyOnMobile is an application with multi-lingual capability, and the first in India to have a multi-lingual app for a service in this category. MoneyOnMobile also announced the launch of its domestic Mobile Money Order service for customers in January 2015. MoneyOnMobile is currently authorized by the Reserve Bank of India (RBI) to set up semi-closed payment system in India which enables registered users to buy good products and services from registered merchants. With MoneyOnMobile, Stop at Nothing Pay for Anything. For more information, visit http://www.money-on-mobile.com/

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