25 Oct '12, 8am

#MOL acquires majority investment in #SiliconValley based Rixty to expand coverage to North and South #America.

#MOL acquires majority investment in #SiliconValley based Rixty to expand coverage to North and South #America.

Payment gateway provider MOL AccessPortal has taken a majority investment in U.S.-based Rixty to expand its reach outside of the Asia Pacific region. We sought out MOL for additional insights into this investment. Update : Post updated to attribute interview responses to Craig White. We recently learned that MOL AccessPortal has acquired a significant investment in Rixty, a Silicon Valley-based startup that offers a cash payment platform for games, which lets players buy virtual goods and other digital content without a credit or debit card. In essence, MOL offers the same services in the Asia Pacific region, which makes the deal a good match for both parties. No financial terms were disclosed, although TechCrunch speculates this is a shares deal rather than a takeover . The Rixty team remain “significant shareholders.” MOL CEO Ganesh Bangah and Craig White, president of g...

Full article: http://e27.sg/2012/10/25/mol-invests-in-us-based-rixty-ex...

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sgentrepreneurs.com 23 Oct '12, 4am

Friendster owner MOL makes majority-stake investment in cash-based payment platform Rixty October 23, 2012 by Terence LEE ...

[Announcement] MOL AccessPortal Acquires Rixty

[Announcement] MOL AccessPortal Acquires Rixty

vernonchan.com 29 Oct '12, 7pm

“The idea of this whole acquisition is based on the concept of One World,” emphasized MOL Global’s Chief Executive Officer...