REG - MobilityOne Limited - Conditional approval re. Islamic digital banking

MobilityOneAnnouncement

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RNS Number : 3031N  MobilityOne Limited  31 December 2025

31 December 2025

MobilityOne Limited

("MobilityOne", the "Company" or the "Group")

 

Conditional approval to carry on Islamic digital banking business in Labuan,
Malaysia

 

MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and
platform provider, is pleased to announce that MobilityOne Sdn Bhd ("M1
Malaysia"), the Group's wholly-owned operating subsidiary in Malaysia, has
received a conditional approval dated 23 December 2025 from Labuan Financial
Services Authority ("Labuan FSA") for M1 Malaysia to establish a subsidiary in
Labuan to be named MBO Bank (Labuan) Limited ("MBO Bank"), to carry on Islamic
digital banking business in Labuan, Malaysia.

Whilst the Company is pleased with this approval, the Directors do not
anticipate the Group to record any revenue or earnings from the Islamic
digital banking business in the financial year ending 31 December 2026 as the
Group has to begin the preparatory work for MBO Bank to meet the conditions of
approval from Labuan FSA, including MBO Bank having sufficient capital
reserves, strong corporate governance and other strict operational and
prudential requirements in place as stipulated by the Labuan FSA. Following
receipt of the conditional approval, the Group plans to explore further with
potential strategic partners and investors for MBO Bank to meet the capital
requirements and to fulfil all regulatory and operational conditions in the
next year.

The intention for MBO Bank is to offer a full suite of offshore financial
services, including digital deposits, Islamic financing, cross-border
corporate and other digital banking solutions under the Labuan FSA regulatory
framework to be delivered through a Shariah-compliant platform to
international clients.

Labuan serves as an offshore financial centre, offering digital financial
solutions for offshore entities and is currently actively promoting Islamic
digital banking through specific regulations to capitalise on global trends.
As the broader digital banking platform market is expanding, the Group's
Islamic digital banking operations, on the basis that MBO Bank can satisfy all
the conditions of approval from Labuan FSA, would benefit from these worldwide
trends in the long run.

MobilityOne's CEO, Dato' Hussain A Rahman, commented:

 

"This conditional approval from Labuan FSA represents a significant step for
the Group to expand its fintech ecosystem from payment processing and e-money
services into full-scale Shariah-compliant digital banking. In addition, it
reflects Labuan FSA's confidence in MobilityOne's proposed business model,
governance framework and commitment to regulatory compliance."

 

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 is one of the leading virtual distributors of mobile prepaid
reload and bill payment services in Malaysia. With connections to various
service providers across industries such as banking, telecommunications,
utilities, government agencies, and transportation, the Group operates through
multiple distribution channels including mobile wallets, e-commerce sites, EDC
terminals, automated teller machines, kiosks, and internet & mobile
banking. Holding licenses in regulated spaces including acquiring, e-money,
remittance and lending, the Group offers a range of services to the market,
including wallet, internet, and terminal-based payment services, white label
e-money, remittance, lending, and custom fintech ecosystems for communities.
The Group's flexible, scalable technology platform enables cash, debit card,
and credit card transactions from multiple devices while providing robust
control and monitoring of product and service distribution.

 

For more information, refer to our website at www.mobilityone.com.my
(http://www.mobilityone.com.my) .

 

About Labuan FSA:

Labuan is a federal territory of Malaysia and is an international offshore
financial centre. The Labuan FSA is the statutory body responsible for the
development and administration of the Labuan International Business and
Financial Centre (Labuan IBFC). Labuan IBFC complements the Malaysian
financial services sector through its offer of diversified products and
services as well as robust regulatory and supervisory regime that is developed
in line with international standards and best practices.

Labuan FSA's key role is to license and regulate licensed entities operating
within Labuan IBFC and to ensure all such entities remain in compliance with
the internal and international best standards adopted by the jurisdiction.
Labuan FSA also develops policies for the orderly conduct of business and
financial services in Labuan IBFC.

For more information, please visit www.labuanfsa.gov.my
(http://www.labuanfsa.gov.my/) .

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