Shashank Joshi led MoneyonMobile to double the customer base & revenue in 2017

MUMBAI, India - July 30, 2016 - PRLog -- Shashank Joshi led MoneyonMobile set to introduce innovative cutting edge technology to double the customer base & revenue in 2017

Mobile wallet is still in its nascent stage in India that has taken on consumer psyche rapidly. Everyone is loving mobile wallets and embracing them with open arms. Today, mobile wallet is one of the successful business ideas for start-ups.  The overall indian market size for mobile wallet (m-wallet) stands at about Rs 400 crore and is estimated to rise to Rs 1,500 crore by 2019. Shashank Joshi of My Mobile Payment Ltd is one of the pioneer entrepreneur to have tasted success & has made MoneyonMobile a top brand in the digital mobile payment market.

The risk taking & serial entrepreneur from mumbai, Shashank Joshi, is working on a cutting edge technology to bring a new shape & identity to the award winning mobile wallet company My Mobile Payment Limited, a mobile wallet company started in the year 2010 June. Inspired & delighted the recent initiatives of the central government's digital India's push & the opening up of globalization in key sectors, Shashank is optimist of bringing a revolution in the fastest growing Indian mobile market & expand the scope of operations in the days to come. The company is initiating several specialized campaigns to reach out to the new market in the semi urban & urban-centric geographies with the simplified technology to pay essential bills like electricity, mobile bills, DTH & other essential services. It may be recalled that Money On Mobile's monthly transaction volume had declined to $78.6 million (Rs 523.4 crore) for the month of April. This represents a decline of 16% from $93.6 million (Rs 623.3 crore)  in March. However MoneyonMobile increased the (http://breakfastnews.tv/shashank-joshi-led-moneyonmobile-...) number of consumer's base to more than 200  million cumulative unique users, up from 152.2 million users in September 2015. Sources close to Indian Affairs reveal that MoneyonMobile is working out a detailed plan to come out with unique offerings, competitive pricing & introduction of new geographical sales outlets to fuel its growth engine. Shashank Joshi,the architect of the Money on Mobile's proposed unique mobile wallet will have a different look & consumer friendly with collaboration of multiple vendors. Presently MoneyonMobile is serving to consumers through 313,541 retail locations throughout the country, an increase of 2,865 stores from March's 310,676 stores. MoneyonMobile allows consumers to use their mobile phones to pay for goods and services, or transfer funds from one person to another using SMS text. It may be recalled that MoneyonMobile was selected in 2014 by the Unique Identification Authority of India (UIDAI) for a mobile cash out pilot using biometric authentication. This pilot are set to be rolled out in Mumbai, Delhi, Kolkata and Surat through 52 existing retail partner locations. Repeated attempts from our editorial team to reach out to Shashank Joshi for the response  through sms & mail remained unanswered.

The visionary entrepreneur Shashank Joshi was one of the very few first digital leaders in india to identify the enormous opportunities & potential of the digital payments in its formative years & since the formation of the company My Mobile Payments Ltd way back in the year 2010, Shashank Joshi has been tirelessly  building a robust digital payment process that is simplified & consumer-friendly & it is on that vision the foundations of the company Moneyonmobile was built. The company is gearing to touch the magic figure of 1000 crore by the next year 2017 fiscal if all its plans are executed but it remains to be seen how MMPL & its visionary founder Shashank can compete with players such as PayTM, Oxigen, Mobiquick, Payumoney,Freecharge etc.

Shashank Joshi was recently voted by the Network 7 Media Group's Jury as the CEO of the year 2016 in a national contest at the very prestigious 7th Annual India Leadership Conclave 2016 held recently & MoneyonMobile was declared as Indian Affairs Most Valuable & Trusted Mobile Wallet 2016.