MobilityOne Limited Launch of mobile banking app for Meghna Bank (7250E)
February 13 2018 - 4:15AM
UK Regulatory
TIDMMBO
RNS Number : 7250E
MobilityOne Limited
13 February 2018
13 February 2018
MobilityOne Limited
("MobilityOne", the "Company" or the "Group")
Launch of mobile banking app for Meghna Bank in Bangladesh
MobilityOne (AIM: MBO), the e-commerce infrastructure payment
solutions and platform provider, is pleased to announce that the
Group via its 55%-owned subsidiary in Bangladesh, Mobility i Tap
Pay (Bangladesh) Limited ("MiTP"), has developed a mobile banking
app for Meghna Bank Ltd ("Meghna") in Bangladesh. Meghna is a
commercial bank which commenced its operations in 2013 in
Bangladesh. It currently has 43 branches in Bangladesh.
The mobile banking app, which can be used for fund transfers,
prepaid mobile reloads, ticketing and bill payment, is part of the
mobile financial services platform developed by the Group for
Meghna, named "Tap 'n Pay". As announced on 15 September 2017, "Tap
'n Pay" uses Near Field Communication (NFC) technology card as a
payment instrument and an android based point of sales as the
payment device. An extensive network of partner distributors
provides the necessary coverage to support the transactions
conducted by the banking agents for bank account opening, digital
payments, domestic fund transfers, prepaid mobile reloads, bill
payments and purchasing of bus and movie e-tickets.
The mobile banking app will complement the more than 5,000 point
of sales terminals deployed in Bangladesh by MiTP for the provision
of Meghna's mobile financial services. MiTP and Meghna have a
revenue sharing arrangement in place for transaction fees incurred
by users of the mobile banking app or point of sales terminals.
-ends-
For further information, contact:
MobilityOne Limited +6 03 89963600
Dato' Hussian A. Rahman, CEO www.mobilityone.com.my
har@mobilityone.com.my
Allenby Capital Limited (Nominated Adviser and Broker) +44 20
3328 5656
Nick Athanas / James Reeve
About the Group:
MobilityOne provides e-commerce infrastructure payment solutions
and platforms through its proprietary technology solutions.
The Group has developed an end-to-end e-commerce solution which
connects various service providers across several industries such
as banking, telecommunication and transportation through multiple
distribution devices including EDC terminals, mobile devices,
automated teller machines (ATM) and internet banking.
The Group's technology platform is flexible, scalable and
designed to facilitate cash, debit card and credit card
transactions from multiple devices while controlling and monitoring
the distribution of different products and services.
For more information, refer to our website at
www.mobilityone.com.my
About Meghna:
Meghna is a commercial bank which commenced its operations in
2013 in Bangladesh. Currently Meghna has 43 branches in
Bangladesh.
For more information, refer to www.meghnabank.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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