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IN BRIEF: MobilityOne submits electronic money institution application

ALN

MobilityOne Ltd - Oxfordshire, England-based e-commerce infrastructure payment solutions and platform provider - Resubmits revised application to the UK Financial Conduct Authority for authorisation as an electronic money institution to provide e-money services in the UK. It follows FCA notifying MobilityOne in late May last year to include additional information in the application, prompting MobilityOne to withdraw application on June 1.

Says in a statement: ‘While there can be no guarantee of a successful outcome following the re-submission of the group’s revised FCA application, the group’s revised FCA Application takes into account the feedback received from the FCA previously.’

Will release further announcements ‘as and when appropriate’.

Current stock price: 10.18 pence, up 4.4%

12-month change: up 4.4%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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