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OnMobile Global Ltd. — Capital/Financing Update 2018
Sep 27, 2018
62296_rns_2018-09-27_0271f4d2-35d3-494d-a3a0-2a14ae7c46c6.pdf
Capital/Financing Update
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onmobile
ONMOBILE GLOBAL LIMITED, Tower #1, 94/1 C & 94/2, Veerasandra Village, Attibele Hob!i, Anekal Ta!uk, Electronic City Phase-7, Bangalore - 560100, Karnataka, !NOIA P; +91 80 4009 6000 IF: +91 80 4009 6009 CIN - L64202KA2000PLC027860 Email - [email protected]
September 27, 2018
To, The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai-400 00 I BSE Symbol: 532944
The Secretary National Stock Exchange of India Limited
Bandra Kurla Complex Bandra East Mumbai -400 051 NSE Symbol : ONMOBILE
Dear Sir/ Madam,
Sub: Intimation of Press Release
This is to inform you that OnMobile Global Limited is issuing a press release titled "OnMobile taps into bKash's mobile wallet for growth", a copy of which is attached herewith.
Requesting you to please take the same on record.
Thanking you,
Yours Sincerely, For OnMobile Global Limited
p_ \J Vt�"dM<u:f P V Varaprasad Company Secretary
==> picture [77 x 75] intentionally omitted <==
Encl: as above
OnMobile taps into bKash's mobile wallet for
growth
OnMobile looks at revenue opportunities in the Mobile Financial Services space.
BENGALURU, September 27th, 2018 - OnMobile Global Limited announced a strategic partnership with bKash Limited, the largest Mobile Financial Services (MFS) provider in Bangladesh, facilitating its customers to purchase premium mobile entertainment contents from OnMobile platform through bKash.
Having around 30 million registered customers, bKash offers services like Cash In and Cash Out, Person to Person Fund Transfer, Merchant Payment, Inward International Remittances, Salary Payment and Buy Airtime.
OnMobile Global Limited shall leverage bKash's large consumer base to build and manage an all-encompassing & enriching mobile entertainment ecosystem, which is untapped so far and offers a high growth potential. The partnership will enable OnMobile to expand its service offerings beyond telecom users by enabling premium mobile entertainment services that are completely absent today in Bangladesh.
Talking about the strategic partnership, Mizanur Rashid, Chief Commercial Officer of bKash said "We are extremely excited about our strategic partnership with OnMobile. We believe that there is a huge demand for high quality & rich contents which are currently untapped in the mobile entertainment space, and OnMobile as a global leader in mobile entertainment has the required expertise to leverage this untapped opportunity"
"Our strategic partnership with bKash to build and manage the mobile entertainment ecosystem is a big milestone for OnMobile as it reiterates the trust and credibility we have built over the years amongst our partners in Bangladesh. We are confident that this partnership will usher in a new era of high-quality on-the-go mobile entertainment for bKash users." Said Sanjay Bhambri, President & Chief Operating Officer - India, Asia, Middle East & Africa, OnMobile Global.
About OnMobile:
OnMobile [NSE India: ONMOBILE] [BSE Ltd: 532944], headquartered in Bangalore, India, and with offices in all regions of the world, delivers over 575 million music plays daily to mobile customers worldwide. Based on current deployments, OnMobile has an addressable base of more than 1.5 billion mobile users across several geographies.
For further information, please visit www.onmobile.com
About bKash:
Launched in 2011, bKash, a joint venture of BRAC Bank, US‐based Money in Motion, International Finance Corporation of World Bank Group, Bill and Melinda Gates Foundation and Ant Financial(Ali Pay), an affiliate of globally reputed Alibaba Group, offers broad range of mobile financial services to the common people of Bangladesh.
For further information, please visit www.bkash.com