RE: Still something afoot9 Jul 2020 13:55
It is true that the UK is a crowded marketplace. However, in their home market of Malaysia, MBO, are also working in a very competitive environment, and have quickly grown year on year. They make their money in a variety of ways, with clients in different industries. As their Malaysian website highlights:
Our core competencies lie in providing a bridge between the service providers to their end consumers using our technology to accept transactions via multiple channels either via mobile phones, Internet, electronic data capture terminals and even via banking channels like Internet banking portal, automated teller machines (ATM) and mobile banking.
Our services are utilised by mobile operators, transportation, financial institutions, hypermarkets, retailers and many other types of services providers requiring payment and transactional technology.
MobilityOne has 2 main business pillars which creates a payment eco-system consisting of more than 2,000 retail points and 8 banking partners (collective coverage of more than 10 million account holders)
This company will keep growing just doing what it does in Malaysia. If they can grab a couple of contracts in the UK from any of the areas it operates in, then I think we will see the market cap approaching its true value.