MobilityOne Ltd - e-commerce infrastructure payment solutions and platform provider - Malaysian subsidiary MobilityOne Sdn Bhd signs service contract with mobile and online payment platform Alipay.com Co Ltd to offer Alipay's payment acceptance service to MobilityOne's merchants in Malaysia. Alipay is part of Chinese technology company Alibaba Group Holding Ltd. MobilityOne will receive no upfront fees but will generate revenue from the agreement through a percentage of the service fee to be charged to the merchants based on the amount of each successful Alipay transaction and after deducting Alipay's share of the service fee. Hopes the agreement will contribute to 2021 earnings.
Current stock price: 13.22 pence
Year-to-date change: up over 100%; 2.90p on December 31
By Ife Taiwo; ifetaiwo@alliancenews.com
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Mobilityone (MBO)