REG - MobilityOne Limited - Mobile Money Transfer Collaboration with bKash

MobilityOneAnnouncement

22/01/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260122:nRSV8447Pa&default-theme=true

RNS Number : 8447P  MobilityOne Limited  22 January 2026

22 January 2026

MobilityOne Limited

("MobilityOne", the "Company" or the "Group")

 

Mobile Money Transfer Collaboration with bKash Limited

 

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.

 

Based on the terms of the Collaboration, OTR will be entitled to a share of
the fees generated through remittance transactions that will be disbursed into
bKash account holders as well as income from foreign exchange transactions.
OTR will be able to directly disburse funds into bKash e-wallet accounts for
any remittance transactions facilitated in OTR's branches and through OTR's
mobile application. This arrangement allows for real time disbursement into
bKash e-wallet accounts. This new service offering, paired with MobilityOne's
e-wallet services, MiPay, will enable wallet-to-wallet remittances for the
Bangladesh corridor.

 

The Collaboration is in line with the Group's plans to digitalise OTR's range
of services to enable faster and cost-efficient remittances to its users,
particularly for foreign workers in Malaysia originating from Bangladesh, who
are estimated to account for 37% of the foreign worker population in Malaysia.
In this regard, according to data from Malaysia's Ministry of Human Resources,
as of mid-2025, there were approximately 900,000 Bangladeshi permit holders
registered in Malaysia, therefore supporting the strategy to digitalise OTR's
range of services.

 

Based on data published by the Central Bank of Malaysia, there has been a
significant increase in e-remittance adoption in Malaysia, with over 40% of
outward remittances completed digitally in 2024. It is with digital
innovations and cross border collaborations such as this, that OTR plans to
increase its market share in remittances by converting more customers from
traditional cash-based remittances to e-remittance by providing faster and
cost-efficient services.

 

Whilst the Group is confident on the future prospects of the Collaboration,
the Board currently expects any resultant revenues or earnings contribution to
the Group in the next 12 months to be relatively modest.

-ends-

For further information, please 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 / Vivek Bhardwaj (Corporate
Finance)                      info@allenbycapital.com
(mailto:info@allenbycapital.com)

Matt Butlin / Kelly Gardiner (Sales & Corporate Broking)

 

About bKash

 

Launched in 2011, bKash, a joint venture of BRAC Bank, US-based Money in
Motion LLC, International Finance Corporation of the World Bank Group, Gates
Foundation, Ant International, and SoftBank, operates as a payment service
provider offering a broad range of digital financial services under the
regulation of Bangladesh Bank, the central bank of Bangladesh.

 

bKash is Bangladesh's leading mobile financial service provider, enabling
millions to send/receive money, pay bills, and access loans via mobile,
revolutionising financial inclusion for rural and urban populations through a
simple, secure, and affordable platform since its 2011 launch, evolving into a
digital lifestyle platform with significant global backing.

 

The service is known for its scale and impact, playing a pioneering role in
financial inclusion within Bangladesh, serving over 82 million verified
customers and handling millions of transactions daily. bKash consistently
features as a major global player in the mobile money industry, particularly
within emerging markets

 

In essence, bKash serves as a critical digital bridge, bringing formal
financial tools to the masses in Bangladesh, making it a cornerstone of the
nation's digital transformation.

 

About OTR

 

OTR is the Company's wholly-owned subsidiary in Malaysia and provides
international remittance services in Malaysia. It currently holds a remittance
business license issued by the central bank of Malaysia and has 6 outlets in
Malaysia. It currently offers physical outlets and a mobile application that
enables e-remittances.

 

For more information, refer to our website at www.onetransfer.com.my
(http://www.mobilityone.com.my)

About the Group

 

MobilityOne is one of the leading virtual distributors of mobile prepaid
reload and bill payment services in Malaysia. With connections to various
service providers across industries such as banking, telecommunications,
utilities, government agencies, and transportation, the Group operates through
multiple distribution channels including mobile wallets, e-commerce sites, EDC
terminals, automated teller machines, kiosks, and internet & mobile
banking. Holding licenses in regulated spaces including acquiring, e-money,
remittance and lending, the Group offers a range of services to the market,
including wallet, internet, and terminal-based payment services, white label
e-money, remittance, lending, and custom fintech ecosystems for communities.
The Group's flexible, scalable technology platform enables cash, debit card,
and credit card transactions from multiple devices while providing robust
control and monitoring of product and service distribution.

 

For more information, refer to our website at www.mobilityone.com.my
(http://www.mobilityone.com.my)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDBLGDBUUDDGLB



            Copyright 2019 Regulatory News Service, all rights reserved