Member Info for cielo102

I sent a facebook message to Tap n Pay asking about agent and customer number and this is what I got back now. "Sir,we have 7000 agent and its growing everyday,and we have more than 20 thousand customers as we have launched our product recently customer is also increasing day by day" When the last RNS came out on Sept 15 they had 4000 agents. A week later we are at 7000. It is these agents who are going to promote the service and create hundreds of thousands of customers. This is going to be a very big deal for the fortunes of mobility one.

Interest clearly exists in Bangladesh. Their facebook page https://www.facebook.com/tapnpay/ has quickly passed 100k likes and the pace is speeding up. Facebook likes are not exactly paying customers but they do provide a good indication of interest.in the product

Everything seems to be moving in the right direction for MBO. I also think that the impact of Tap n Pay in Bangladesh for a 5m cap company is going to be transformational, As retailers take up the service across the country of 161m people there are going to be a huge number of transactions and commission payments for MBO, The aim of Meghna bank is to rapidly expand this across the country through to the end of 2018. Aside from this MBO also got e-money supplier permission from government of Malaysia (See RNS June 26) This will really complement is main traditional business of international remittances. The e-money services begin in first half of 2018 MBO turn a profit and have never gone to the market to issue more equity. I am a big fan and think this is a share to hang onto

Yes, Take a look at the website http://tapnpay.com.bd/

Many thanks Acheffy. Also take a look at https://www.youtube.com/watch?v=vo1ZpTGSgqU from minute 4. This is going to be a big deal for the company. I understand they are at the front in bangladesh. They had ministers of finance and digital at the promotion event for the service

To see how quickly this is growing. Take a look at the facebook page https://www.facebook.com/tapnpay/ Refresh the page to see how likes increase and translate the few hundred comments on the recent post into English. There are 4000 retailers providing the service at last count but the comments suggest there will be a lot more soon

Profit doubled on last 6 months report and I am hoping for a similar result with results in the next week or 2. however, I think what will be more interesting will be the comments regarding the future. The company only has a value of 5m. they are at the front of mobile payments in Bangladesh. A country with a population of 161m. This successful rollout will hopefully results in more contracts in South Asia. Do not forget that they have just received epayment accreditation from the government of Malaysia, where they are based.

This is the website for the new joint venture http://www.tapnpay.com.bd/ As you can see they take 1.7% of each withdrawal made. The website also shows that they have retailers in most of the country. They expect to expand these rapidly through t2018.

The government minister was at the promotion event for this product. The attached video is in Bengali. however, go to minute 4 to get an understanding of how big this could be. All government allowances can be paid through this! https://www.youtube.com/watch?v=vo1ZpTGSgqU

As the attached article explains, there is a lot of room for growth in Bangladesh with mobile banking http://futurestartup.com/2016/12/27/the-state-of-digital-payment-in-bangladesh/

MobilityOne Launches "Tap 'n Pay" Services Platform For Meghna Bank By Alliance | Fri, 15th September 2017 - 14:48 Share this LONDON (Alliance News) - E-commerce payment solutions provider MobilityOne Ltd said on Friday that in conjunction with its technology partner Mobility i Tap Pay Bangladesh Ltd it deployed a new mobile financial services platform for Bangladesh-based Meghna Bank Ltd. MobilityOne currently owns 55% of Mobility i Tap Pay. The platform, named "Tap 'n Pay" will allow the unbanked population in Bangladesh to get access to basic banking services including opening bank accounts, digital payments, fund transfers and bill payments. Tap 'n Pay will use Near Field Communication technology card as payment instrument and an android based point of sales as the payment device. To date there has been 4,000 point of sales deployed in Bangladesh by Mobility i Tap Pay, with the plan to aggressively expand the point of sales up to the end of 2018, using MobilityOne's own agent banking solution. "We are proud for MobilityOne to be part of the Digital Bangladesh revolution and I am confident that MobilityOne's technology will be able to bring the Bangladesh government's vision closer to fruition," said Chief Executive Officer Dato' Hussain Rahman. Shares in MobilityOne rose 10% at 4.95 pence on Friday. By Dayo Laniyan; dayolaniyan@alliancenews.com

Maybe not yet. But I expect the RNSs from the company will begin to flow and then there will be a realistic valuation.

I agree. This is huge. It is one thing to offer digital banking product and another to sell it and implement it successfully to a bank. The growth potential in south asia is indeed huge. Lets hope they get a bit of the pie

Hopefully the first of many. Now that this one was successfully implemented

During Meghna's mobile financial services launching event the State Minister for the ICT division of Bangladesh, Mr. Zunaid Ahmad Palak, commented: ""Tap 'n Pay" is the first fully secured mobile financial services using 4th generation technology in Bangladesh market and I am hopeful of it playing an important role towards the concept of Digital Bangladesh (i.e. to increase the nation's productivity and well-being with the use of digital technology). The mobile financial services platform launched by Meghna has succeeded in extending banking services to the greater mass of population with very little cost in areas without the presence of bank branches."

The company is in profit (Just doubled) . large turnover. Bought another company last year (Without dilution) which will be making a contribution to bottom line. Won a contract a few months ago to provide mobile payment system for a bank. A few months ago were awarded epayment provider status by Malaysian government (Along with other much larger companies such as paypal) Cheap

Well that was exciting for a few minutes. The proof will be in the pudding with the results in a couple of weeks

Half year report due in September.

Bought another 700 pounds at 3.45.

Such low liquidity means that it does move 10% or more on a couple of trades. However the company seem to be moving in the right direction and so that lack of liquidity is going to result in big gains if MBO get the right numbers in September and beyond