1.6 Million Consumers in India Can Now Pay Their Electricity Bills With Their Phone Thanks to BSES Yamuna Power Limited and MoneyOnMobile

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Increase in consumers use of utility payment service expected to boost processing volume and revenue

Wednesday, March 29, 2017 — MoneyOnMobile, Inc. (OTCQX: MOMT) announced a Bill Collection Agreement with BSES Yamuna Power Limited, to provide its 1.6 million customers the ability to pay their electricity bills through any of MoneyOnMobile’s 330,000 retail outlets or through MoneyOnMobile’s mobile wallet app.

“Many consumers in India pay their bills in cash. We offer them a solution so that they can make payments at a convenient retail outlet or through our mobile wallet. This enables our retailers to earn commission from MoneyOnMobile on every transaction done,” said Harold Montgomery, Chairman & CEO of MoneyOnMobile, Inc.

“MoneyOnMobile has helped 100s of millions of consumers across India with their financial transactions, and now through this partnership with BSES Yamuna Power Limited, we can help even more,” Ranjeet Oak, President and COO of MoneyOnMobile, commented.