RE: FCA License awaiting14 Oct 2022 12:29
1 September 2021
MobilityOne Limited
("MobilityOne", the "Company" or the "Group")
Update on UK electronic money institution application
MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, provides the following update to the announcement released by the Company on 15 June 2021. The Company's wholly-owned subsidiary in the UK, M-One Tech Limited, has today submitted an 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. This includes the use of e-wallets for payments of purchases or transferring funds to/from other parties within the e-money ecosystem, both of which are areas in which the Group already has operational experience in Malaysia.