REG - MobilityOne Limited - UK electronic money institution application update

MobilityOneAnnouncement

23/01/2023 14:00

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RNS Number : 5842N  MobilityOne Limited  23 January 2023

Prior to publication, the information contained within this announcement was
deemed by the Group to constitute inside information for the purposes of
Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.
With the publication of this announcement, this information is now considered
to be in the public domain.

 

23 January 2023

MobilityOne Limited

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

 

Submission of UK electronic money institution application

 

MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and
platform provider, provides the following update in respect of the Group's
proposed expansion of its business in the UK through M-One Tech Limited, the
Company's wholly-owned subsidiary.

 

Further to MobilityOne's announcement on 23 December 2022, MobilityOne is
pleased to announce that the Group has now re-submitted its revised
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 (together the "FCA
Application").

 

As previously announced by the Company, the Group received feedback from the
FCA, in late May 2022, to include additional information in the FCA
Application. In view of this and after further consideration, the Group
withdrew the FCA Application on 1 June 2022.

 

While there can be no guarantee of a successful outcome following the
re-submission of the Group's revised FCA Application, the Group's revised FCA
Application takes into account the feedback received from the FCA previously.

 

The Company will release further announcements as and when appropriate.

 

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
(http://www.mobilityone.com.my)

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