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.AdvertisementsThe model dubbed — KaOne subscription — resulted in fee and commission income dropping by close to 40…
InnBucks’ new subscription model drags earnings
The model dubbed — KaOne subscription — resulted in fee and commission income dropping by close to 40 percent to ZiG58,8 million from ZiG95,8 million comparable period the previous year. However, the new model generated ZiG22 million in its initial six months.