Intl. Remittance Service launch in Malaysia


 

TIDMMBO 
 
RNS Number : 5645T 
MobilityOne Limited 
09 June 2009 
 

MobilityOne Limited 
("MobilityOne" or the "Company") 
 
 
 International Remittance Service launched in Malaysia 
 
 
MobilityOne (AIM : MBO), an e-commerce infrastructure payment solutions and 
platform provider, is pleased to announce that it has launched an International 
Remittance Service at its first two outlets in Kota Kinabalu and Kuala Lumpur in 
Malaysia. This new service is designed to cater for the estimated two million 
Indonesians and 200,000 Filipinos in Malaysia who have the need to use 
international remittance services to send money back to their home countries. 
 
 
MobilityOne Sdn Bhd, a wholly-owned subsidiary of MobilityOne, has entered into 
agreements with PT. Finnet Indonesia ("Finnet") and PT Telekomunikasi Selular 
("Telkomsel") in Indonesia as well as G-Xchange, Inc. ("GXI") in the 
Philippines to provide the service. With these agreements, money can be 
transferred from MobilityOne's outlets in Malaysia to the outlets of Finnet, 
Telkomsel and GXI in Indonesia and the Philippines via MobilityOne's remittance 
system infrastructure. 
 
 
Hussian A. Rahman, CEO of MobilityOne, commented: 
 
 
"There is great potential for MobilityOne in remittance services in Malaysia. 
Besides Indonesia and the Philippines, the Company is also exploring similar 
agreements with partners in other countries such as Bangladesh, as there are 
about 450,000 Bangladeshis currently working in Malaysia. In addition, 
MobilityOne plans to increase the number of its own remittance services outlets 
as well as linking-up with financial institutions in Malaysia." 
 
 
- ends - 
 
 
For further information, please contact: 
 
 
MobilityOne                             +6 03 6286 1999 
Hussian A. Rahman, CEOwww.mobilityone.com.my 
har@mobilityone.com.my 
 
 
HB Corporate                            +44 (0)20 7510 8600 
Luke Cairns 
 
 
Threadneedle Communications      +44 (0) 20 7653 9850 
Graham Herring 
Josh Royston 
 
 
 
About the Group: 
 
 
MobilityOne is the holding company of an established group of companies in the 
business of providing e-commerce infrastructure payment solutions and platforms 
through their proprietary technology solutions, which are marketed under the 
brands MoCS and ABOSSE. 
 
 
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 such as EDC terminals, 
short messaging services, automated teller machines, and Internet banking. 
 
 
The Group's technology platform is flexible, scalable and has been 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, please refer to our website at www.mobilityone.com.my 
 
 
About Finnet: 
 
 
Finnet is a transaction management company primarily focussed on switching and 
shared transactions settlement for all business entities, especially 
financial institutions. It also provides a commercial and legal framework that 
develops network sharing between banks, utility companies, payers, card issuers, 
collecting agents, merchants, as well as a technical platform that provides 
the best solution for all parties involved. 
 
 
For more information, please refer to website at www.finnet-indonesia.com 
 
 
 
 
About Telkomsel: 
Telkomsel is the leading operator of cellular telecommunications services in 
Indonesia by market share. It has 60.5 million customers,  representing an 
estimated market share of 46%. 
Telkomsel provides cellular services in Indonesia through its own nationwide 
dual-band GSM 900-1800 MHz, 3G network, and internationally through 323 
international roaming partners in 170 countries 
Telkomsel has the largest network coverage of any of the cellular operators in 
Indonesia, providing network coverage to approximately 95% of Indonesia's 
population.It is the only operator in Indonesia that covers all of the country's 
provinces and regencies, and all counties ("kecamatan") in Sumatra, Java, and 
Bali/Nusra. 
For more information, please refer to website at www.telkomsel.com 
 
 
 
 
About GXI: 
 
 
GXI is a wholly-owned subsidiary of Globe Telecom, one of the largest mobile 
phone companies in the Philippines. For more information, please refer to 
website at http://gcash.globe.com.ph 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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