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Mobile Payments

MoneyOnMobile expands into Indian B2B payments market

Monday 30 January 2017 | 01:29 PM CET

MoneyOnMobile has announced plans to expand its payment network to include B2B transactions.

International consulting firm McKinsey and Co. estimates India's 2015 B2B market to be about USD 15 billion in total flows. MoneyOnMobile's new product increases its addressable market beyond consumer-oriented into business-oriented transactions.

Working with participating banks and the Reserve Bank of India (RBI), MoneyOnMobile has increased transaction size limits, allowing businesses to leverage 325,000 MoneyOnMobile agents to pay for goods and services.

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