MobilityOne submits electronic money institution application

MobilityOne Limited is a Malaysia-based investment holding company. The Company is engaged in the business of providing e-commerce infrastructure payment solutions and platforms through their technology solutions, which are marketed under the brands MoCS and ABOSSE. It operates through two segments: Telecommunication services and electronic commerce solutions, and Hardware. It 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 electronic data capture (EDC) terminals, short messaging services, Automated Teller Machine and Internet banking. Its product and services include value added payment, mobile payment application, payment solutions, enterprise solutions, messaging and communication and eMoney solutions. Its payment platform is developed on Microsoft technologies, which consists of OLTP Engine and Backoffice OSS.