MoneyOnMobile to Invest $6.2 Mn to Boost its Indian Expansion
US-based digital payment company MoneyOnMobile has plans to invest $6.2 Mn to boosts its Indian expansion plans, as informed by its chief executive officer, Harold Montgomery.
The announcement for fresh infusion plans has come right after the firm raised $5 Mn Series H funding from S7 Group.
MoneyOnMobile's chief executive officer Harold Montgomery told that with India emerging as one of the most exciting payments markets in the world, he wants to expand the company’s footprint to enable the rural and the poorer sections of the country to start transacting digitally.
He also added, We have retail outlets where end consumers can just walk in and do transactions like bill payments, remittances and cash out. We have also enabled Aadhaar-enabled transactions, thereby creating a mini-ATM...