MobilityOne Limited UK electronic money institution application (4473K)
01 Septembre 2021 - 5:28PM
UK Regulatory
TIDMMBO
RNS Number : 4473K
MobilityOne Limited
01 September 2021
1 September 2021
MobilityOne Limited
("MobilityOne", the "Company" or the "Group")
Update on UK electronic money institution application
MobilityOne (AIM: MBO), the e-commerce infrastructure payment
solutions and platform provider, provides the following update to
the announcement released by the Company on 15 June 2021. The
Company's wholly-owned subsidiary in the UK, M-One Tech Limited,
has today submitted an application to the Financial Conduct
Authority (the "FCA"), the financial regulatory body in the UK, for
authorisation as an electronic money institution to provide e-money
services in the UK. This includes the use of e-wallets for payments
of purchases or transferring funds to/from other parties within the
e-money ecosystem, both of which are areas in which the Group
already has operational experience in Malaysia. The decision from
the FCA in respect of the submitted application is expected to be
received in the 2nd quarter of 2022 and, if approved, the Group
will be able to expand its business activities into the UK. There
can be no guarantee as to either the decision or timing of the
decision by the FCA.
For further information, please contact:
MobilityOne Limited +6 03 89963600
Dato' Hussian A. Rahman, CEO www.mobilityone.com.my
har@mobilityone.com.my
Allenby Capital Limited
(Nominated Adviser and Broker) +44 20 3328 5656
Nick Athanas /Vivek Bhardwaj
About the Group:
MobilityOne provides e-commerce infrastructure payment solutions
and platforms through its proprietary technology solutions. The
Group has developed an end-to-end e-commerce solution which
connects various service providers across several industries such
as banking, telecommunication and transportation through multiple
distribution devices including EDC terminals, mobile devices,
automated teller machines ("ATM") and internet banking. The Group's
technology platform is flexible, scalable and designed to
facilitate cash, debit card and credit card transactions from
multiple devices while controlling and monitoring the distribution
of different products and services.
For more information, refer to our website at
www.mobilityone.com.my
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END
UPDSSMFIFEFSEEU
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September 01, 2021 11:28 ET (15:28 GMT)
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