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Malaysia's MOL launches in the Americas

AvantiKumar | Sept. 26, 2013
Malaysian PM witnesses MOL's announcement with its Silicon Valley-based subsidiary Rixty in a move that opens up online payment platform in North America and Latin America.

MOL US Photo modified 

Photo - Rixty Inc's CEO Ted Sorom (left) and MOL Global's Group CEO Ganesh Kumar Bangah holding the plaque together with the Prime Minister of Malaysia Y.A.B. Dato' Sri Mohd Najib Bin Tun Abdul Razak (centre).

 

Malaysia-headquartered e-payment services firm MOL AccessPortal (MOL) has launched its MOLPoints online game and digital goods payment platform in the US and Brazil in collaboration with its Silicon Valley subsidiary Rixty, Inc.

During the launch in San Francisco, which was witnessed by the Malaysian Prime Minister Dato' Sri Mohd Najib Bin Tun Abdul Razak, MOL Global chief executive officer Ganesh Kumar Bangah said its subsidiary MOL AccessPortal' s micropayment system MOLPoints is to be  distributed across Rixty's distribution channels of more than 140,000 stores in the US and Brazil.

This move will allow MOL to expand into the American markets while benefiting from the talent in Silicon Valley, said Bangah. MOLPoints in the US & Brazil also consolidates Rixty into MOL's global operations and will enable MOL's suite of games to be distributed through Rixty's distribution channels."

This will allow local Malaysian content to tap into the huge digital goods market that is estimated to be worth US$19.2 billion worldwide, he added.

The launch was part of the Malaysian Prime Minister's visit to Silicon Valley organised by the Malaysian ICT agency Multimedia Development Corporation [MDeC], which is promoting breakout Malaysian companies into the global market.

Asia-based MOL handles more than 60 million transactions with an annual payment volume of more than US$500 million.

 

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