InnBucks’ new subscription model drags earnings

A profit after tax of ZiG74,6 million was achieved, which was 195 percent above prior year.

INNBUCKS Microbank Limited (InnBucks)’s decision to charge a flat US$1 monthly fee on unlimited transactions to customers on its wallet service boosted active users, but significantly cut back on fees income during six months to December 31, 2024. The model dubbed — KaOne subscription — resulted in fee and commission income dropping by close to…

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