All product categories increase
Monday, June 12, 2017 — MoneyOnMobile, Inc. (OTCQX: MOMT) today reported increases in monthly revenue across all major product categories, including an 86% increase in domestic remittance and MOM ATM revenues from April to May 2017.
“We are encouraged with our significant growth in the MOM ATM product. Our retailers find significant value in our MOM ATM product as a way to differentiate their business from the competition. Having a product in their store that provides cash-out services and serves as a mobile point of sale solution in a country with limited financial infrastructure cements their relationship with MoneyOnMobile,” said Ranjeet Oak, Managing Director of MoneyOnMobile’s India subsidiary.
Percentage Change in Revenue Categories by Transaction Type since December 2016
| Category | Jan-17 | Feb-17 | Mar-17 | Apr-17 | May-17 |
| Domestic Remittance / MOM ATM | 133% | 10% | 42% | 19% | 86% |
| Mobile / TV Top-Up | -9% | -25% | 3% | -6% | 3% |
| All Other | 3% | -17% | 14% | -15% | 16% |
MoneyOnMobile generates revenue in two ways, depending on the transaction type: either a fixed fee per transaction, or a percentage discount on the amount of the transaction. The figures above are grouped based on the commission type MoneyOnMobile receives. Domestic remittance and MOM ATM generate revenues for the retailer and MoneyOnMobile based on a fixed fee for each transaction, regardless of transaction size. Mobile and TV top-up generate revenues to retailers and MoneyOnMobile based on a percentage commission of the amount of the transaction.