Member Info for cielo102

They have a new app launched just this month with 4.6 rating and 1000 - 5000 downloads in just a couple of weeks. See https://play.google.com/store/apps/details?id=com.mitp.tapnpay They are taking on staff in both malaysia and bangladesh. For example https://www.indeed.com.my/Mobilityone-jobs They are also competing in marketing in Bangladesh with Tap n Pay. See http://ryans.media/Details/1060

Sorry. Slight error with the maths but you get the point

The way I see it is that they have about 10,000 shops with Tap n Pay POS machines providing transactions. If these machines can generate an average of lets say just $2 per day, then that is an income of $10,000 per day or $6m pa, if we say 300 days per year. Imagine if they could make more than just $2 per day? After commission to shopkeeper I cannot imagine that their costs are that high. Exciting times

Perhaps a few people have noticed how undervalued this is. With a market cap of 4m. Turnover at around 70m, cash over 2m and profits 0.5m and growing. However, what is much more interesting is new venture in Bangladesh with epayments growing rapidly there. They should also update on their new emoney product for their home country of malaysia in the next month or so following the approval they were granted last year. They have continued to grow through these years without ever turning to market for more cash.

It seems Mobilityone are committed to growing in Bangladesh. This agreement https://translate.google.cz/translate?hl=es&sl=bn&tl=en&u=http%3A%2F%2Fweeklyprantor.com%2Fbdtax.com.bd-%E0%A6%8F%E0%A6%AC%E0%A6%82-Mobility-One-Bangladesh-%E0%A6%8F%E0%A6%B0-287.html may not be huge but does show signs of intent. I also see the tap n pay facebook page has now nearly hit 600,000 likes

Yes I am. Can someone please explain why the rise. I do not see it

What is the reason for buying this at more than 9p. ?

Actually the next news should be fairly soon. They were given approval by the Malaysian government last year to offer an emoney service earlier this year . The company then said that this will be developed early 2018

I agree 100%. It is really one for those with patience. However, I am sure it will come good. The BOD do nothing to promote the share. However, they do keep growing and buying companies without placings, which is good. There are very few shares out there, hence the huge jumps and drops. It is so undervalued and so I am hopeful that it will be huge jumps. All the best

Many thanks Seav1ew. I know this company is useless at PR, but cannot help but to feel that they are doing really well. Bangladesh is just part of what they do. Their main business in Malaysia justifies a much higher valuation. They are moving quickly in Bangladesh. 20,000 agents in just a few months is huge. (That is agents, not clients) They have a poor facebook page but have 400k likes. The facebook comments give a good indication of the interest. All the best

This is great news. It is now clear they are running and owning the Tap n Pay Bangladesh service. Having taken 55% of the partner company there

I am tired of seeing my own words here. Nevertheless, just to say that the company have not gone passed the 20,000 agents they had signed up in just a few weeks, as they are now distributing POS machines and training for the 20,000 new agents. They are really happy that numbers have grown so quickly and will again take on more new agents once the above process is complete. So all seems great. However, I do not expect any movement/interest here until the next RNS. Remember we have just 5% of the company valuation of paypoint, who after so many years, now have 28,000 agents. I am not suggesting this is a company of 100s of millions, but surely 10s of millions.

Bkash are the number one player in Bangladesh for mobile payments having started in 2011. See http://www.futurestartup.com/2016/11/05/brac-bank-reports-sharp-growth-profit-bkashs-contribution-continues-grow/ to understand how profitable they are

So in 2 weeks their joint venture in Bangladesh, Tap n Pay has jumped from 100,000 facebook likes to 250,000 likes.

Mobility iTap Pay (Bangladesh) Limited (MiTP) is a technology based company which was registered with Joint Stock Companies & Firms on 26th November 2015. The company is an upcoming Mobile Financial Services (MFS) provider using 4th generation technologies. MiTP has a joint venture with Mobility One, the leading solution provider for electronic financial transactions in Malaysia. The technology will allow to accept transactions via multiple channels like mobile phones, internet, electronic data capture terminals and even via banking channels like internet banking portal, automated teller machines (ATM) etc. The company is determined to provide banking needs of all, including non-banked population of the country, at their door steps. The current product of the company has been brand named as �Tap n Pay�. The product is a Near Field Communication (NFS) based system which would provide the miracle of banking in the most convenient way. MiTP will be the pioneer in introducing NFC card based MFS in Bangladesh. In addition to many other functions, the services will allow use of mobile phone technology to send and receive monetary value electronically through one�s own Tap Card or mobile handset or NFC Tag or through authorized outlets across the country. We shall be offering the most robust, secured, reliable, hassle free & customizable technology support to ensure smoother MFS operations in the market. Additionally, to ensure absolute security, three factors authentication will be used while accessing through different access channels.

Sorry a mistake on the earlier comment regarding Fairfx turnover, which is actually higher than MBO, not lower. (I must have misread Sharepad. Nevertheless, the service of Tap n Pay Bangladesh is more alike the services of Paypoint. Checking today with Tap n Pay, via facebook , they say the how now grown to around 20,000 retailers/agents, up from 7,000 which I asked a few weeks ago. Paypoimt has 29,000 retailers/Agents. The valuation of MBO is about 5% that of paypoint. I do not know what the value of Tap n Pay will be to MBO. However, for a small company like this, it has to be very big.

Absolutely. It is just a great opportunity. Unlike FairFX they are in profit, and have triple their turnover.

Absolutely. It is just a great opportunity. Unlike FairFX they are in profit, and have triple their turnover.

It has become my mantra, but patience is the key. The company is performing well. Whats more Tap n Pay Bangladesh has just started and income will be included in the next results. This is a very similar service to paypoint.com in the UK, which has 20,000 retail outlets and a valuation of 0ver 600m. I am not suggesting any stupid valuation. However, Tap n Pay already has over 7000 retailers and numbers are rising quickly. We will also receive news in the coming months regarding the development of their emoney service in their home market of Malaysia. This was approved by the government there this year. All in all. I am disappointed by the drop but remain a big fan of this little company and am happy to hold. IPAY also released results today. Again they made a loss and declared revenue for the 6 months of 1.5m (MBO in comparison revenue up 10% at over 36m for the period). Yet IPAY has a higher valuation.

No disaster. In profit and turnover up. But I did hope for more.