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Malaysia's MOL subsidiary acquires Indonesia’s AyoPay

AvantiKumar | March 22, 2013
This investment will help extend our services in Indonesia, says MOL.

Patrick - MOL Indonesia modified

Photo - Patrick Setiawan, Country Manager for MOL Indonesia.


Malaysia's Internet services provider MOL Group subsidiary MOL Indonesia has extended its offerings in Indonesia by acquiring local payment service firm AyoPay.

MOL Indonesia country manager Patrick Setiawan said MOL has been growing its Indonesian business rapidly during the last 12 months. "We have seen a great increase in the number of Indonesian consumers who have taken notice of MOL as a multi payment platform."

"AyoPay's experience and expertise in the local market will be invaluable to us," said Setiawan. "We look forward to sharing and implementing best practices that are in place throughout the combined company. Ultimately, we are determined to better serve our consumers and partners with the expanded resources."

"With an annual growth forecast of 33 percent for the next five years, the Indonesian online game industry holds immense untapped potential," said MOL Global president of global operations, Craig White, adding that existing AyoPay staff will join MOL Indonesia.

"By bringing AyoPay under the MOL organisation, we are extending our value to the consumers with increased contents and payment options," said White. "At the same time, we are also providing a credible, localised platform for global developers to monetise their products in this unique Indonesian market. This acquisition reflects MOL's continued commitment to invest in key markets across the world, especially Asia."

He said this investment was another step towards MOL's goal of creating a "premium online payment eco-system in the region."

Established in November 2009, AyoPay specialises in online games credits for the Indonesian market.

MOL is a trademark of MOL AccessPortal in Malaysia.

 

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