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MobilityOne Unit Secures Conditional Nod for Islamic Digital Bank in Malaysia

MT Newswires·12/31/2025 05:47:23
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05:47 AM EST, 12/31/2025 (MT Newswires) -- MobilityOne (MBO.L) said Wednesday its unit M1 Malaysia secured conditional approval from the Labuan Financial Services Authority to establish an Islamic digital bank subsidiary in Labuan, Malaysia. The e-commerce infrastructure payment does not expect to generate any revenue or earnings from the new subsidiary, MBO Bank, in 2026 due to preparatory works to secure regulatory approval from the Labuan authority. MBO Bank will offer digital banking services, including deposits, financing, and cross-border services through a Shariah-compliant platform to international clients.