MoneyOnMobile and Maharashtra State Road Transport Corporation (MSRTC) announce partnership to offer bus tickets

Monday, March 12, 2018 — MoneyOnMobile, Inc. (OTCQB: MOMT) announced a partnership with Maharashtra State Road Transport Corporation (MSRTC), which was founded by the Government of Maharashtra in 1960. This partnership will enable MoneyOnMobile's participating retailers to book bus tickets to the approximately 7 million passengers that ride the MSRTC buses per day, along approximately 17,000 route

"With this tie-up, our customers can book their MSRTC tickets at any of MoneyOnMobile's participating retail outlets. This allows our customers to travel to and from Maharashtra and neighbouring states at their convenience. MSRTC is a safe and dependable service," commented Suhas Jadhav, Deputy GM of MSRTC.

"We are excited to offer this service to our retailers. When we grow our product portfolio of available services, it expands the opportunity for our enabled retailers to serve more customers, and grow the spend-per-customer in their store," says Harold Montgomery, Chairman and CEO of MoneyOnMobile Inc.

"Our retailers from the Western part of India, primarily Maharashtra and Gujarat, see growing demand for bus tickets for inter and intra-state travel; we are happy to be able to provide the MSRTC bus ticket booking service. The ticketing capabilities for the MSRTC buses, which predominantly travel from Maharashtra and to neighbouring states of Goa, Telangana, Andhra Pradesh, Gujarat, Karnataka and Madhya Pradesh, will add to the bouquet of services being offered by our Retailers to their end consumers," commented Ranjeet Oak, Joint Managing Director, MoneyOnMobile, India.