MobilityOne Limited (LSE:MBO) said its Malaysian remittance subsidiary, OneTransfer Remittance (OTR), has partnered with bKash to roll out real-time mobile money transfers to bKash e-wallets, with the service targeted to go live by 15 February 2026. Under the collaboration, OTR will be able to send remittances directly into bKash accounts through its branch network and mobile application, earning a share of transaction and foreign exchange fees.
The arrangement will also enable wallet-to-wallet transfers along the Malaysia–Bangladesh corridor, a key market given the large population of Bangladeshi workers in Malaysia. Management said the initiative aligns with MobilityOne’s broader strategy to digitise remittance offerings and increase exposure to the rapidly expanding e-remittance segment, where more than 40% of Malaysia’s outward remittances are already conducted digitally. However, the group noted that the financial contribution from the new service is expected to be modest over the coming year.
From an investment perspective, the outlook continues to be weighed down by weak financial metrics, including ongoing losses, pressured margins, negative equity and constrained cash flows. These challenges are partly offset by supportive technical indicators, with the share price trending above key moving averages and a positive MACD signal. Valuation remains mixed, reflecting a negative P/E ratio and the absence of a stated dividend yield.
More about MobilityOne
MobilityOne Limited is a Malaysia-based e-commerce infrastructure and payment solutions provider and is positioned as one of the country’s leading virtual distributors of mobile prepaid reloads and bill payment services. Through licensed subsidiaries such as OneTransfer Remittance (OTR), the group delivers a wide range of regulated fintech services, including e-money, acquiring, remittance, lending and white-label fintech solutions, across mobile wallets, e-commerce platforms, terminals, ATMs, kiosks and online banking channels for clients in banking, telecommunications, utilities, government and transport sectors.
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