20 Mar '13, 3am

MOL AccessPortal acquires AyoPay, an Indonesian payment service provider

MOL AccessPortal acquires AyoPay, an Indonesian payment service provider March 20, 2013 by Terence LEE MOL AccessPortal, a subsidiary of MOL Global , has today announced the acquisition of AyoPay , a Indonesian payment service provider focusign on online game credits. Terms of the investment were not disclosed. The strategic investment will expand MOL’s offerings in Indonesia, allowing partners and customers to achieve the full benefits of both services. Started in November 2009, AyoPay specializes in online games credits for the Indonesian market. It distributes online game credits from game publishers like Gemscool, Lyto, and Megaxus. AyoPay is also a payment option with ATMs, cybercafés, online and mobile banking. “With an annual growth forecast of 33 percent for the next five years, the Indonesian online game industry holds immense untapped potential,” said Craig White...

Full article: http://sgentrepreneurs.com/2013/03/20/mol-accessportal-ac...

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