(CLPI) Majority Ownership of Money-on-Mobile Approved

Calpian, Inc. (OTCQB:CLPI) announced today that the Finance Ministry of the Government of India through the Foreign Investment Promotion Board (FIPB) has unconditionally approved Calpian’s application to own up to 74% of My Mobile Payments, Ltd. which currently operates as Money-on-Mobile (MOM) in India.

“The FIPB approval allows Calpian, Inc. to own a majority of Money-on-Mobile and eventually consolidate our financials, resulting in a clear picture to the market of Money-on-Mobile’s growth in India. We are excited about what the future holds for Calpian, as we are only just beginning to penetrate the broader market in India. The Money-on-Mobile team has executed their business plan brilliantly which has resulted in over 300% growth in the 20 months since we made our first investment there,” said Calpian, Inc. CEO Harold Montgomery.

“We are encouraged that the FIPB has approved this expansion of the Calpian/MOM partnership which has been so very successful to date. We look forward to the continuation of our growth through this investment partnership,” added Money-on-Mobile Managing Director, Shashank Joshi.

About Calpian, Inc. and Money-on-Mobile

Calpian, Inc. (OTCQB: CLPI) is a publicly traded company with corporate offices in Dallas, Texas and mobile payments emerging-market operations through its subsidiary in India. Calpian’s Indian subsidiary offers Money-on-Mobile, a pre-paid mobile payment solution, to more than 167,000 Indian retail locations with over 75 million unique users. Calpian’s management team has over 70 years in combined experience in the payments business. Calpian’s CEO, Harold Montgomery, is a recognized industry leader who has provided expert testimony to the U.S. Congress and Federal Reserve Bank on payments-related issues and regularly appears in numerous industry publications, such as Transaction World Magazine. Please visit our website at www.calpian.com for more information.