Mobilityone (LON:MBO) is an AIM listed solution provider for electronic transactions and payments in the South East Asia region who in essence provides the technology used between service providers and their end consumers. The solutions offered enable businesses to operate a multi channel transaction approach encompassing methods including, mobile phones, ATMs, mobile banking, data capture terminals, the internet and banking channels such as the internet banking portal. At the June HY11 stage, MobilityOne announced an impressive 47.6% sales growth to £14.4m, which was a welcome growth off the back of a 70.9% growth in revenue to £23.9m for FY10 when compared to FY09. With the December end of year trading update historically issued during February, the FY11 performance is the next piece of news expected from MobilityOne, who could well be a small cap story to monitor over the next few years in terms of top and bottom line growth performance. [1]
A significant proportion of the MobilityOne business is concerned with mobile pre-pay top-ups, which is a market growing at an annual rate of 10% with around 80% of the Malaysian mobile users on pre-pay deals amounting to c. £200m worth of monthly top-ups. MobilityOne through its subsidiaries operate in Malaysia, Indonesia and in Cambodia, offering a payment eco-system which includes e-solutions such as bill payments and mobile top-ups. The current network MobilityOne have consists of more than 2,000 retail points and 8 banking partners, which currently have a combined coverage of more than 10 million account holders. The end customer uses the services offered by MobilityOne via a range of locations including, petrol marts, mini marts, convenience stores, food and beverage chains, cybercafés and via various banking facilities like the internet banking portal and ATMs nationwide.
The core Malaysian business was further strengthened recently when the company announced two new deals, the first with Bank Muamalat Malaysia to provide airtime reloads via its banking channels across its 56 branches, and secondly with Felda Trading Sdn Bhd, whose holding company is one of the world’s largest plantation operators employing around 50,000 workers, to provide airtime reload and money transfer services throughout its 200 stores. With the majority of Felda’s workforce being migrant workers, this agreement was seen as a strategic success by MobilityOne, with the migrant workers being a key demographic of potential users for the international remittance service and…
