MoneyOnMobile, Inc. Announces Executive Resignations
August 31, 2018 at 10:47 am EDT
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MoneyOnMobile, Inc. received a letter of resignation from Karl Power. Mr. Power informed the Company that, effective as of August 30, 2018, he resigned his position as a director on the Company’s Board of Directors. Mr. Power’s resignation was not as a result of any disagreements with the Company. The company received a letter of resignation from David Utterback. Mr. Utterback informed the Company that, effective as of August 30, 2018, he resigned his position as a director on the Company’s Board of Directors. Mr. Utterback’s resignation was not as a result of any disagreements with the Company. The company received a letter of resignation from Jim McKelvey. Mr. McKelvey informed the Company that, effective as of August 31, 2018, he resigned his position as a director on the Company’s Board of Directors. Mr. McKelvey’s resignation was not as a result of any disagreements with the Company. The company received a letter of resignation from Narayan (AG) Gangadhar. Mr. Gangadhar informed the Company that, effective as of August 31, 2018, he resigned his position as a director on the Company’s Board of Directors. Mr. Gangadhar’s resignation was not as a result of any disagreements with the Company. The company received a letter of resignation from Oleg Gordienko. Mr. Gordienko informed the Company that, effective as of August 31, 2018, he resigned his position as a director on the Company’s Board of Directors. Mr. Gordienko’s resignation was not as a result of any disagreements with the Company. The company received a letter of resignation from Maxim Scherbakov. Mr. Scherbakov informed the Company that, effective as of August 31, 2018, he resigned his position as a director on the Company’s Board of Directors. Mr. Scherbakov’s resignation was not as a result of any disagreements with the Company. The company received a letter of resignation from Gerald Ratigan. Mr. Ratigan informed the Company that, effective as of August 31, 2018, he resigned his position as a SVP Finance and Chief Accounting Officer.
MoneyOnMobile, Inc. is an India focused mobile payments technology and processing company offering mobile payment services. The Company enables Indian retailers to use mobile phones to accept payment for goods and services or transfer funds from one person to another. It can be used as simple SMS text functionality or through the MoneyOnMobile application or Internet site. It has more than 350,000 retail locations throughout India. With MoneyOnMobileâs system, retailers use their mobile phones to make payments on behalf of their customers for utilities or to transfer currency to other consumers using text-messaging and mobile application technology. It enables Indian retailers to use their mobile phones to pay for third party goods and services on behalf of a consumer, or transfer funds from one consumer to another, or to allow a consumer to withdraw from their bank account. The Companyâs payment service is available in every state within India.
MONEYONMOBILE, INC. 
