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May 20, 2014updated 04 Apr 2017 4:07pm

Money-On-Mobile partners with UIDAI for biometric mobile cash out pilot

Money-On-Mobile, a Mumbai-based mobile payments subsidiary of Calpian, has partnered with Unique Identification Authority of India (UIDAI) to carry out mobile cash out pilot using biometric authentication system.

By Verdict Staff

Money-On-Mobile, a Mumbai-based mobile payments subsidiary of Calpian, has partnered with Unique Identification Authority of India (UIDAI) to carry out mobile cash out pilot using biometric authentication system.

The pilot run will be carried out at 52 existing retail partner locations in Mumbai, Delhi, Kolkata and Surat.

Based on UIDAI’s Aadhaar programme, which offers citizens were unique biometric identification number, the pilot programme aims to build a mobile pay-out system that easily identifies the parties involved in cash transfers.

Money-On-Mobile founder and managing director Shashank Joshi said that the company is pleased to help pilot the Aadhaar-based mobile cash-out programme.

"With more than 900 million mobile phone subscribers and 700 million unbanked citizens, mobile money will play an integral role in facilitating financial inclusion in India. And though the societal impact is significant, mobile money represents more than just financial inclusion, it’s also a far more convenient way for all Indian consumers to pay their bills and remit money," added Joshi.

Money-On-Mobile offers a pre-paid mobile payment solution enabling Indian consumers to use their mobile devices to pay bills of their purchases, or fund transfers between the mobiles.

Calpian chairman and CEO, and Money-On-Mobile director Harold Montgomery said: "Money-On-Mobile is ideally suited to help the UIDAI initiate its Aadhaar-based mobile cash pilot having served over 88 million mobile phone subscribers through a growing network of more than 184,000 retail partners around the country."

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