MoneyOnMobile, Inc. announced the addition of three board members: Oleg Gordienko, Max Scherbakov, and AG Gangadhar. Each one is expected to play a valuable role in continuing MoneyOnMobile's focus on market share growth across India as well as continuing to enhance its technology leadership in the mobile payments space. Max and Oleg were added to the board February 7, 2018, and AG was added April 10, 2018. Oleg Gordienko has more than 20 years of experience working in financial markets, which include among others stints at Deutsche Bank AG and Credit Suisse. Currently, Oleg works at the S7 Group, one of the largest non-state aerospace holdings company in Eastern Europe, where he has been an Investment Director since mid 2017. Max Scherbakov has an extensive background in private equity investments that spans more than two decades. Prior to that Max was an investment banker with Morgan Stanley International. Currently, he serves as Managing Partner and Principal at Aurora Capital Worldwide, a private investment company. Max sits on the board of directors for several companies, most notably the S7 Group. AG Gangadhar has nearly two decades of experience in leadership roles managing engineering and infrastructure at major technology companies such as Amazon, Google, and Microsoft. Until recently he was Chief Technology Officer for General Motors' Cruise Automation, helping to engineer self-driving cars at production scale. Additionally, AG spent more than two years as Head of Core Engineering at Uber.
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.