MobilityOne Limited UK electronic money institution application update (5842N)
23 Januar 2023 - 2:49PM
UK Regulatory
TIDMMBO
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
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