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MoneyOnMobile MOMT · USD

Financials · US listing · 🇺🇸 United States

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About MoneyOnMobile

Its shares trade under the ticker MOMT. It has been listed since 27 February 2009. In the fiscal year to 31 March 2017, it reported a net loss of $9.7m. At that date it held total assets of $24.5m and shareholders' equity of −$343,094.

MoneyOnMobile, Inc. is a processing and mobile payments technology company. The company is headquartered in Dallas, Texas. The company went IPO on 2009-02-27. The firm enables Indian retailers to use mobile phones to accept payment for goods and services or transfer funds from one person to another. The company can be used as simple SMS text functionality or through the MoneyOnMobile application or Internet site. The company has more than 350,000 retail locations throughout India. With MoneyOnMobile’s system, retailers use their mobile phones to make payments on behalf of their customers for utilities or to transfer currency to other consumers using text-messaging and mobile application technology. The company enables Indian retailers to use their mobile phones to pay for third party goods and services on behalf of a consumer, or transfer funds from one consumer to another, or to allow a consumer to withdraw from their bank account. The Company’s payment service is available in every state within India.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Financials
Industry
Financial Services
Listed since
27 Feb 2009

Leadership

Pay as last reported

  • Mr. Harold MontgomeryChairman of the Board, since 2010$375,000
  • Mr. Will DawsonChief Operating Officer$332,500
  • Hon. Kay HutchisonDirector

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • More than 350,000 retail locations in India support widespread adoption.
  • Mobile payment technology enables utility payments and fund transfers via SMS or app.
  • Indian retailers use mobile phones for third-party payments and fund transfers.

Weaknesses

  • IPO listed on 27 February 2009 with limited market expansion since then.
  • Headquartered in Dallas, Texas, which may limit local market focus.
  • Financial Services sector faces regulatory challenges in India.

Opportunities

  • Expansion into new Indian states for increased market penetration.
  • Growing mobile payment adoption across Indian consumer segments.
  • Partnerships with Indian utility providers for enhanced service offerings.

Threats

  • Regulatory changes in India's Financial Services sector could disrupt operations.
  • Competition from established mobile payment platforms in India.
  • Economic downturns affecting Indian consumer spending on mobile payments.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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