MoneyOnMobile and Maharashtra State Road Transport Corporation (MSRTC) announce partnership to offer bus tickets
DALLAS and MUMBAI, India, March 5, 2018
DALLAS and MUMBAI, India, March 5, 2018 /PRNewswire/ — MoneyOnMobile, Inc. (OTCQB: MOMT) announced a partnership with Maharashtra State Road Transport Corporation (MSRTC), which was founded by the Government of Maharashtra in 1960. This partnership will enable MoneyOnMobile’s participating retailers to now book bus tickets to the approximately 7 million passengers that ride the MSRTC buses per day, along approximately 17,000 routes.
“With this tie-up, our customers can book their MSRTC tickets at any of MoneyOnMobile’s participating retail outlets. This allows our customers to travel to and from Maharashtra and neighbouring states at their convenience. MSRTC is a safe and dependable service,” commented Suhas Jadhav, Deputy GM of MSRTC.
“We are excited to offer this service to our retailers. When we grow our product portfolio of available services, it expands the opportunity for our enabled retailers to serve more customers, and grow the spend-per-customer in their store,” says Harold Montgomery, Chairman and CEO of MoneyOnMobile Inc.
“Our retailers from the Western part of India, primarily Maharashtra and Gujarat, see growing demand for bus tickets for inter and intra-state travel; we are happy to be able to provide the MSRTC bus ticket booking service. The ticketing capabilities for the MSRTC buses, which predominantly travel from Maharashtra and to neighbouring states of Goa, Telangana, Andhra Pradesh, Gujarat, Karnataka and Madhya Pradesh, will add to the bouquet of services being offered by our Retailers to their end consumers,” commented Ranjeet Oak, Joint Managing Director, MoneyOnMobile, India.
The Maharashtra State Road Transport Corporation abbreviated as (MSRTC, or simply ST), is the state run bus service of Maharashtra, India with 16,500 buses which ferry 7 million passengers daily. It serves routes to towns and cities within Maharashtra and adjoining states. Apart from locations within the state of Maharashtra, the MSRTC service also covers destinations in neighbouring states. It also offers a facility for online booking of tickets for all Buses.
MoneyOnMobile, Inc. is an India focused 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 350,000 retail locations throughout India.
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