Mobile payment firm to receive $5 million in investment from Hall Financial Group chairman

Chairman and founder of Hall Financial Group, Craig Hall will soon invest $5 million in mobile payment Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term, Dallas-based firm Calpian.

Calpin offers mobile payment processing solutions within the US, in addition to its Money-on-Mobile subsidiary Indian subsidiary. The new found investment will help grow US offerings and to help advance its Indian entity, to which $1 million was already invested.

Money-on-Mobile is a pre-paid SMS based money transfer service. According to numbers provided by Calpian Money-on Mobile has transferred Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term from 84.3 million unique phone numbers. Over 179,000 Indian retailers accept Money-on-Mobile as a payment method.

"The global market for mobile payments is rapidly expanding, with India being the most compelling market of all. Calpian's technology is providing a range of new financial solutions that will make a difference to the lives of a large group of consumers in a country I have always found fascinating. With this investment, we hope to help expand Money-on-Mobile's presence in India," Craig Hall said in a statement.

In addition to the investment, Hall will serve as an advisor for Calpian. He will focus on financial matters and will stay on for a period of 3 years.

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