From ADVFN board (Thanks to author mattjos)24 Jan 2026 07:01
MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, announces that its wholly owned subsidiary in Malaysia, OneTransfer Remittance Sdn Bhd ("OTR"), has agreed with bKash Limited ("bKash"), a leading mobile financial services provider in Bangladesh operating under a license issued by the Bangladesh Bank, the central bank of Bangladesh, to formally commence a mobile money transfer collaboration by 15 February 2026 (the "Collaboration").
The Collaboration, amongst other matters, was originally outlined in the Company's notification on 26 September 2025 as expected to go live in the next few months.
From the Half Year 26th September report:
(3) Money transfer business
The Group expects further growth in the money transfer business with such growth expected to be fuelled by strategic partnerships and market diversification. While development using SWIFT network is still underway, new collaborations with bKash (i.e, the biggest mobile financial services provider in Bangladesh) and Mastercard Send, which is expected to go live in the next few months, will enhance the Group's product offerings, enabling faster and more secure cross-border transactions. Additionally, the Group has initiated incoming remittance services to Somalia, tapping into underserved markets and broadening its global reach. These initiatives are expected to drive revenue growth.