Business
Intl. Remittance Service laun
Intl. Remittance Service laun.
About this update from Mobilityone Limited
[{"type":"text","content":"\n RNS Number : 5645T MobilityOne Limited 09 June 2009 \n \nMobilityOne Limited\n('MobilityOne' or the 'Company')\n\n International Remittance Service launched in Malaysia\n\nMobilityOne (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.\n\nMobilityOne 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. \n \n\nHussian A. Rahman, CEO of MobilityOne, commented:\n\n'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.' \n\n- ends -\n\nFor further information, please contact:\n\nMobilityOne +6 03 6286 1999\nHussian A. Rahman, CEO www.mobility...