MoneyOnMobile Selects Ankit Sahu to be VP, Business Development

DALLAS and MUMBAI, India, May 19, 2017 /PRNewswire/ -- MoneyOnMobile, Inc. (OTCQX: MOMT) announced today that it has hired Ankit Sahu to be its Vice President of Business Development.

Sahu has 25 years of experience working for companies that have pushed boundaries in new markets with established products. He has previously worked for News Corp., IMG Inc, Merrill Lynch/Bank of America, and most recently as First Vice President of Investment for UBS Financial Services.

Sahu is a native of India and fluent in Hindi. His deep experience with financial technology and marketplaces, Sahu has the right experience to develop the company's access to Indian capital investment and consumer market opportunities.

"From my first job building the first pay-TV network in Asia, to working with family offices and high-net-worth individuals, my business challenge has always been to educate both investors and consumers about new products or processes," said Sahu. "Joining MoneyOnMobile is like a homecoming to me – pioneering a disruptive technology – and I believe I can help effectively develop it and make it into a widely-accepted service in India."

Ranjeet Oak, Managing Director of MoneyOnMobile Inc. India subsidiary said, "Ankit Sahu is well positioned to help us educate investors in the US and develop contacts in India. His financial and technological background, as well as his knowledge of the market brings key experience to the company. Everyone at MoneyOnMobile is excited about him joinng the team."

While studying at Mayo College in Ajmer, India, Sahu was selected to be an exchange student at Eton College, England. Later he earned his Bachelor's Degree in Electronics and Telecommunications from Bangalore University and an M.B.A. in Finance from University of San Francisco. He lives with his family in San Francisco and was one of the main contributors to the HBO documentary San Francisco 2.0.

About MoneyOnMobile, Inc.
MoneyOnMobile, Inc. is a global mobile payments technology and processing company offering mobile payment services through its Indian subsidiary. MoneyOnMobile enables Indian consumers to use mobile phones to pay for goods and services or transfer funds from one cell phone to another. It can be used as simple SMS text functionality or through the MoneyOnMobile application or internet site. MoneyOnMobile has more than 330,000 retail locations throughout India.    

Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on August 19, 2016. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Web site: http://MoneyOnMobile.in.
Twitter: https://twitter.com/MoneyOnMobileIR 
Facebook: https://www.facebook.com/MoneyOnMobileIR/ 
LinkedIn: https://www.linkedin.com/company/moneyonmobile 
YouTube: https://www.youtube.com/channel/UCxqO4N1z9acnQmEysjqfBaQ 

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SOURCE MoneyOnMobile, Inc.

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