MoneyOnMobile Inc., an India-focused mobile payments technology and processing company, has announced that the number of MOM ATM units deployed in India has crossed the 10,000-unit mark
«We are pleased with the progress of our MOM ATM deployments,» MobileOnMoney Chairman and CEO Harold Montgomery said in a press release. «Crossing the 10,000 unit mark demonstrates, we believe, strong demand for this product by our retailers. We are well on our way to reaching our goal of 30,000 MOM ATM units deployed by the end of 2019.»
This is the first step in the cycle of deployment activation and revenues, the release said.
The company see three ways to increase revenues: by increasing the number of units deployed to retailers; by expanding the number of retailers transacting with the unit on a daily basis; and by growing the number of transactions each retailer performs in a day.
Montgomery said that the number of units deployed is «a positive first step in a cadence of events that will impact success.»
Source: ATM Marketplace