MobilityOne develops new mobile banking app in Bangladesh
Source - SMW
MobilityOne said it had developed a mobile banking app for Meghna Bank in Bangladesh, via its 55%-owned subsidiary in the country.
The app would 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 had a revenue sharing arrangement in place for transaction fees incurred by users of the mobile banking app or point of sales terminals.
At 9:41am: (LON:MBO) MobilityOne Ltd share price was +0.5p at 4.5p