Calpian is a mobile payments company operating in India. It has experienced explosive growth, with processing volume up 300% year-over-year and revenue growth of 43% year-over-year. Calpian has a large retail network of over 298,000 agents across India and processes high transaction volumes. However, the document notes that forecasts and projections depend on key assumptions being realized, such as continued access to financing and favorable business conditions.

1. The “Visa” of India
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2. REQUIRED STATEMENT ABOUT FORECASTS
Calpian’s models and projections are based on certain key assumptions, including but not limited to the following:
Availability of adequate and appropriately priced financing to continue in business
Availability of acquisitions which can be completed
Continued performance of key staff
Continued favorable business conditions and economic climate.
Money on Mobile Forecasts are the representation of MoM Management.
Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management's
current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially
from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words
“may,”“will,”“should,”“expects,”“plans,”“intends,”“anticipates,”“believes,”“estimates,”“predicts,”“potential,” or “continue” and similar expressions identify forward-
looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) our ability to acquire
retail credit card processing residual streams (“residuals”), (ii) our ability to raise capital to fund our acquisitions, (iii) our ability to successfully integrate multiple
residuals acquisitions, (iv) changing levels of competition, (v) changes in laws and regulations, including government regulation of the credit card processing
industry and other related financial institutions, and (vi) general competitive factors. This business plan is for confidential information purposes only and is not a
solicitation for investment.
THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. ANY
OFFER OF SECURITIES OF THE COMPANY SHALL BE MADE ONLY TO QUALIFIED INVESTORS IN ACCORDANCE WITH APPLICABLE
SECURITIES LAWS. THE SECURITIES LAWS PROHIBIT ANY PERSON WHO HAS MATERIAL NON-PUBLIC INFORMATION ABOUT A
COMPANY FROM PURCHASING OR SELLING, DIRECTLY OR INDIRECTLY, SECURITIES OF SUCH COMPANY.
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3. INVESTMENT HIGHLIGHTS
 Explosive Growth
 Volume Growth +300% YOY
 Revenue Growth 43% YOY
 Good Financials
 41% Gross Margin
 Huge Market
 Estimated $8 Billion Revenue Potential
 Greenfield Opportunity
 Leader in the Space
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4. A $200 BILLION MARKET & GROWING
Money-on-Mobile has the potential to be worth over
$1.5 billion in 2018 through our unique payment model,
which has already enabled us to achieve:
◦Growth: Processing volume growing 310% over the last
12 months totaling $545 million
◦Scale: Over 290,000 agents
(versus 83,055 bank branches and 182,480 ATMs)
◦Reach: Over 163 million consumers
(versus ~100 million active credit / debit card consumers)
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5. Shashank Joshi
Founder and CEO (India)
Maharastra Institute of
Technology
10 years in payments
Harold Montgomery
CEO, Calpian (USA)
Stanford University MBA, 1985
Started in payments in 1987
Scott Arey
CFO, Calpian
Stanford University BA, 1984
10 years Bank of America Group CFO
Will Dawson
EVP Mobile Money, Calpian
COO, MasterCard Mobile Money JV
Launched Mobile Money in Egypt &
Turkey
TEAM
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6. WHAT MoneyOnMobile DOES
298,203
Retail
Stores
166 Million
Indian
Consumers
Make
Money via
Commission
Saves
Time and
Money
Travel Tickets
Domestic Remittance
(P2P)
Mobile Airtime
Television
eCommerce
Metro Card Recharge
Utility Payments
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7. GROWTH DRIVERS
 Frequency of Use
 Adding More Transaction Services
 Distribution of Service
 Adding 4-7,000 New Agents a Month
 Increased Average Transaction Size
 Currently Getting $10 out of an Estimated $160 of Consumer Wallet
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8. 247,471
298,203
240,000
250,000
260,000
270,000
280,000
290,000
300,000
Size of Retail Network
₹ 1.4
₹ 5.9
₹0.0
₹1.0
₹2.0
₹3.0
₹4.0
₹5.0
₹6.0
Billions
Total Processed Volume
GROWING VOLUME AND RETAIL NETWORK
Monday, 8 February
8

9. 298,203 Agents and
5,150 Distributors
RETAILER NETWORK
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Maharashtra
West
Bengal
AssamUttar Pradesh
Bihar
Rajasthan
Haryana
Andhra
Pradesh
Jharkhand
Gujarat
Punjab
Tamil Nadu
Madhya Pradesh
Orissa
Meghalaya
Uttarkhand
Chandigarh
Jammu & Kashmir
Himanchal
Goa
Sikkim

10. EXTERNAL VALIDATION
#1 IN INDIA
#3 WORLDWIDE
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11. The Next Global Growth Engine…
INDIA OVERVIEW
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1.3 Billion People
Per Capita GDP :$300 income/month
Economy growing: 6+% per year
eCommerce Taking Off

12. INDIA IS CASH INTENSIVE
Wednesday, February 10, 2016 12
…which explains way the Reserve Bank of India is trying to digitize payments.
Source: McKinsey; BIS, Friedrich Schneider papers
47
53
95
98
100
0 25 50 75 100
United States
United Kingdom
Russia
China
India
Cash Transactions
Total 2011 Transaction Volume
Percentage
7
11
42
14
26
0 10 20 30 40 50
United States
United Kingdom
Russia
China
India
Estimated Shadow Economy
Estimated Percentage of GDP
Percentage

13. CHALLENGES & OPPORTUNITIES IN INDIA
All Cash Economy
Lack of Bank Accounts
(only 200M of 1.3B people)
No Payment Mechanisms
(credit, debit or check)
Weak Transportation
(daily errands take time)
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ADDRESSABLE MARKET IS:
900+ Million Mobile Phones
1.1+ Billion SIM Cards
90.5 phones per 100 people

14. NOKIA 1200
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15. Long queues at a Delhi bill payment centerLong queues at a Chandigarh bill payment center
ADDRESSING A REAL CONSUMER PAIN POINT
Converting this experience… …into this experience
A typical MoM store
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16. Agent Performing Transaction TV Top Up
VIDEOS ABOUT THE SERVICE
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SMS Based Transaction Smartphone Based Transaction

17. COMPARE TO M-PESA IN KENYA
India is 30x Kenya in Size
M-PESA:
 Started April 2007
 Small business payments majority of volume
 Ubiquitous presence in Kenya
M-Pesa Metrics KENYA
30 Day Active Users 11.6 Million
Transaction Volume $13 Billion
Operating Revenue $287 million/year
Source: MPESA 2014 mid year reportWednesday, February 10, 2016 17
60 Minute Report

18. COMPARE TO NASDAQ: QIWI
QIWI is a Russian mobile payments company
Source: QIWI form 20-F December 2014
QIWI
Population of Russia 143.5 million
Annual Processed Volume
(USD)
$12 billion
2014 Gross Revenues $245 million
Net Income Annual Growth
Rate %
59%
US Market Cap ~$1.4 billion
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$13.4
$26.4
$55.9
$82.8
$-
$25
$50
$75
$100
Dec-11 Dec-12 Dec-13 Dec-14
Millions
Net Income

19. eCommerce
Inflection Point
China, 1.1
India, 0.4
USA, 5.1
0
2.5
5
0%
20%
40%
60%
80%
100%
1990 1993 1996 1999 2002 2005 2008 2011 2014E 2017E 2020E
CardsperPerson
InternetPentration(%)
USA China India
INDIA’S ECOMMERCE AT INFLECTION POINT
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Sources: KPCB, World Bank, Hillhouse Capital for forecast
for India beyond 2013, RBI, KPMG, PaymentSource
eCommerce
Inflection Point
eCommerce
Inflection Point
… but lacks the traditional payment infrastructure
Driven
Primarily by
Smartphone
s

20. INDIA ECOMMERCE PAYMENT MARKET
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60%
16%
12% 12%
1% 0%
50%
12%
15%
11%
5%
7%
COD Credit
Cards
Debit
Cards
Net
Banking
EMI 3rd Party
Wallets
$1.2
$0.3 $0.2 $0.2
$0.0 $0.0
$4.3
$1.0
$1.3
$0.9
$0.4
$0.6
COD Credit
Cards
Debit
Cards
Net
Banking
EMI 3rd Party
Wallets
Percentage of
eCommerce Transactions
eCommerce Transactions in US $ bn
Source: Accel Partners 2014
US $ 2 bn US $ 8.5 bn

21. ILLUSTRATION OF RETURN ON DOMESTIC REMITTANCE
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21
Hourly transaction numbers for illustrative purposes
₹ 2.5m in
Transactions
₹ 1.0m₹ 0.5m
Daily
Volume
₹ 5.2m
Bank divides
the day into
four periods
Bank Requires a Deposit of 2x
peak period volume. In this
example, that is the 10am to 2pm
period.
₹5 million
Deposit
This deposit allows us to process
throughout the entire year.
₹1.9 billion of
Processed Volume
Annually
MoM generates fees of 0.5% of
processed volume off of this
transaction.
₹9.5 million of
Revenue Annually
Noon
6 am
Midnight
6 pm
₹ 1.2m

22. EXPLOSIVE INTERNATIONAL GROWTH
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