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MoneyOnMobile Inc. (MOMT)

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Last Post: 9/17/2018 2:43:22 PM - Followers: 29 - Board type: Free - Posts Today: 0

MoneyOnMobile Inc. $MOMT

MoneyOnMobile, Inc. 
500 North Akard Street Suite 2850 
Dallas, TX 75201 
(214) 758-8600

Web site:




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 325,000 retail locations throughout India..

Corporate Website:


Harold H. Montgomery, Chairman of the Board, Chief Executive Officer, and Secretary

Mr. Montgomery, age 57, has been our Chairman of the Board, Chief Executive Officer, and Secretary since April 2010. Since March 2012, Mr. Montgomery has been Chairman of the Board of Digital Payments Processing Limited, a majority-owned subsidiary, and a member of the board of directors of My Mobile Payments Limited (“MoneyOnMobile”), a DPPL affiliate. A co-founder of the Company in 1987, Mr. Montgomery started ART Holdings, Inc. (“ART”), a merchant payment processing company. While a full-time employee of ART, Mr. Montgomery led a team doing business under the name “Calpian,” which acquired over 200 ISO merchant processing portfolios between 2003 and 2009. Mr. Montgomery continues to serve ART as a director and executive officer. From 1985 to 1987, Mr. Montgomery was employed by Wellington Associates, a Dallas-based investment bank focused on mergers and acquisitions and corporate finance. In 1983, Mr. Montgomery managed the Dallas Area Rapid Transit Authorization election campaign.

From 2006 – 2016, Mr. Montgomery was a Trustee of the Communities Foundation of Texas, a community chest foundation. He also is a Trustee of the Caruth Foundation and St. Mark’s School of Texas. He has served as a board member and president of the Dallas Committee on Foreign Relations and Big Thought, a community education agency. He is a member of the Council on Foreign Relations located in New York. Mr. Montgomery was a member of the Young Presidents’ Organization (“YPO”) from 1991 to 2009, and chaired the Florence, Italy YPO University.

Mr. Montgomery has served as an industry expert for the Federal Reserve Bank of Philadelphia Payment Card Center and the U.S. Congress as an expert witness for credit card reform legislation. He is a widely known industry authority, a speaker at regional and national trade shows and has written over 120 articles for Transaction World Magazine. Mr. Montgomery attended St. Mark’s School of Texas and Stanford University where he received a BA (International Relations) in 1982 and an MBA in 1985. Mr. Montgomery brings to the Board of Directors extensive experience in the payment processing industry.

Scott S. Arey, Chief Financial Officer

Mr. Arey, age 54, was appointed as our Chief Financial Officer (Principal Financial and Principal Accounting Officer) in October 2013. From 2009 to 2013, Mr. Arey was Chief Financial Officer and Corporate Secretary of Alsbridge, Inc., a provider of IT sourcing advisory and benchmarking services to C-level executives. From 2007 to 2009, Mr. Arey was CFO of Journey Education Marketing, a multi-channel software marketer to the K-12 and post secondary academic markets. Mr. Arey started his career with KPMG Peat Marwick.

Will Dawson, Executive Vice President

Mr. Dawson, age 45, is the Executive Vice President of MoneyOnMobile. Mr. Dawson has over 20 years of experience in the technology industry. Prior to MoneyOnMobile, Mr. Dawson was the Chief Operating Officer at a MasterCard and Smart Communication joint venture, which created mobile money ecosystems in Asia, the Middle East, Africa, and Latin America. Mr. Dawson rolled out mobile money solutions in Turkey with the largest mobile operator and two banks, and in Egypt with the Central Bank of Egypt, a mobile operator, a bank, and a bill payment aggregator. He earned a Bachelor of Science in Mechanical Engineering and a Bachelor of Science in Economics from the University of Pennsylvania, and an MBA from London Business School.


David B. Utterback

Mr. Utterback, age 56, was appointed to our Board of Directors in May 2016. Since 1998, Dr. David B. Utterback has served as a Staff Anesthesiologist at Ocean Springs Hospital, in Ocean Springs, Mississippi, and at Singing River Hospital, in Pascagoula, Mississippi. Dr. Utterback also serves on the board of the American Board of Anesthesiology (since 1991) and on the board of the National Board of Medical Examiners (since 1987). Dr. Utterback holds a B.A. from Dartmouth College, M.D. from University of Illinois College of Medicine, and M.S. in Administrative Medicine from the University of Wisconsin.

James M. McKelvey

Mr. McKelvey, age 51, was appointed to our Board of Directors in May 2016. Since July 2009, Jim McKelvey served as a member of the board of directors of Square, Inc., a NYSE traded company known for enabling anyone with a mobile device to accept card payments, a company co-founded by Mr. McKelvey. Since July 2013, Mr. McKelvey served as a Managing Director of SixThirty FinTech Accelerator, LLC, a financial technology accelerator. Since March 2012, Mr. McKelvey served as a General Partner of Cultivation Capital, a venture capital firm. Since January 1990, Mr. McKelvey served in various positions at Mira Smart Conferencing, a digital conferencing company. Mr. McKelvey currently serves on the boards of directors of a number of privately-held companies. Mr. McKelvey holds a B.S. in Computer Science and a B.A. in Economics from Washington University in St. Louis.

The Honorable Kate Hutchison

Sen. Hutchison currently serves as senior counsel at Bracewell LLP, and a member at Bank of America's Global Advisory Council. In 2013, she retired from the U.S. Senate after 20 years of service representing the citizens of Texas. She was the first woman to serve as senator from Texas, and ultimately served in the Senate leadership, first as Vice-Chairman of the Republican Conference and later as Chairman of the Republican Policy Committee, the fourth-highest ranking Republican senator.

Karl Power

Mr. Power is an investment banker and entrepreneur, who specializes in corporate advising and accessing capital markets. He is currently a director for Excel Corp, which provides electronic financial and transaction processing services to merchants across the United States. Previously, Power was an investment banker with several firms, including Merrill Lynch and Paine Webber in New York and London. He was a founding partner of Robertson Stephens LLC, London Office.


Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information here.

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PlusOneCoin Top Posts
#290   Share structure PnD’s are passé. This one is dead. waterchaser 09/12/18 12:21:41 PM
#314   I would like to start working on the X-ray07 09/17/18 02:43:22 PM
#313   Company website. X-ray07 09/17/18 02:42:45 PM
#312   Market cap is under 2 million and X-ray07 09/17/18 02:42:06 PM
#311   MOMT board needs major work... X-ray07 09/17/18 02:41:06 PM
#310   Want to profit from other stock - will X-ray07 09/17/18 11:14:51 AM
#309   Moving up tigertiger88 09/17/18 09:59:25 AM
#308 tigertiger88 09/14/18 04:54:10 PM
#307   there was news released after the bell today tigertiger88 09/14/18 04:52:57 PM
#306   Yeah, higher than normal too. Glad to bombaytonic 09/14/18 04:40:40 PM
#305   bought some earlier today tigertiger88 09/14/18 02:55:29 PM
#304   Some volume here ? Wonder why ? wedman 09/14/18 01:48:34 PM
#303   Can you elaborate on that? What did bombaytonic 09/13/18 07:22:04 PM
#302   Lucky you !! wedman 09/13/18 04:03:15 PM
#301   MOMT bad news coming I’m out!!!!! ThisisStrange 09/13/18 02:06:47 PM
#300   MOMT bad news coming I’m out!!!!! ThisisStrange 09/13/18 02:06:40 PM
#299   Thanks...the main thing is will the business continue magnum1 09/12/18 02:38:58 PM
#298   Well maybe the financial guy resigned because he wedman 09/12/18 02:34:04 PM
#297   I emailed the CEO with your concerns and ThisisStrange 09/12/18 02:25:23 PM
#296   Wow...even the company that was doing MOMT's financial magnum1 09/12/18 02:24:18 PM
#295   Yep ! I agree on both of wedman 09/12/18 02:00:19 PM
#294   Agreed Arby......time is definitely of the essence here G-Schmoney 09/12/18 01:55:02 PM
#293   Hey Mag, thanks for the insight......definitely not the G-Schmoney 09/12/18 01:54:13 PM
#292   How can you run a business when you magnum1 09/12/18 12:50:14 PM
#291   Good and bad news. Good that they are arbytrader 09/12/18 12:36:23 PM
#290   Share structure PnD’s are passé. This one is dead. waterchaser 09/12/18 12:21:41 PM
#289   Share structure is just the basis for me G-Schmoney 09/12/18 12:20:35 PM
#288   Agreed......MOMT definitely has that kind of potential IMO G-Schmoney 09/12/18 12:18:12 PM
#287   The govt of India needs to wake up wedman 09/12/18 09:03:57 AM
#286   Based on that might not be a bad bombaytonic 09/12/18 08:54:31 AM
#285   Dear fellow colleagues, It was an honor to meet ThisisStrange 09/12/18 07:45:54 AM
#284   News! ThisisStrange 09/12/18 07:42:41 AM
#283   News! ThisisStrange 09/12/18 07:40:13 AM
#282 ThisisStrange 09/12/18 07:39:24 AM
#281   I need you to stop what you are ThisisStrange 09/07/18 01:18:27 PM
#280   I assume we get one soon. IT wedman 09/07/18 01:17:25 PM
#279   CEO said update by Fri. I am ThisisStrange 09/07/18 01:13:41 PM
#278   Seems like it. Not a bad day wedman 09/07/18 01:10:20 PM
#277   Looks like bottom ThisisStrange 09/06/18 10:54:57 PM
#276   Held up good today ThisisStrange 09/06/18 04:19:08 PM
#275   Looking ready to go here - may see bombaytonic 09/06/18 12:08:06 PM
#274   Not over yet until that lady sings or magnum1 09/06/18 07:30:58 AM
#273   Share structure PnD’s are passé. This one is dead. waterchaser 09/05/18 10:42:24 PM
#272   Good ! Thanks wedman 09/05/18 08:56:45 PM
#271   CEO said share holder update this week. ThisisStrange 09/05/18 07:24:57 PM
#270   Can we just own the float ! It’s tiny wedman 09/05/18 02:30:31 PM
#269   This operation is too ingrained in India to magnum1 09/05/18 01:48:29 PM
#268   Some big buys rolling in this morning arbytrader 09/05/18 12:43:34 PM
#266   MOMT share structure alone at this PPS makes G-Schmoney 09/05/18 12:34:36 PM
#265   That is what I am waiting on. It wedman 09/05/18 09:07:27 AM
#264   MOMT plenty of upside down here @ .44, G-Schmoney 09/05/18 08:00:16 AM