Digital payments giant is ‘device and tech agnostic’ in order to collaborate with everybody.
The online payment solutions provider attempts to further close the digital divide by providing unbanked communities an easy online payment solution.
Non-bank-led financial services, such as Alipay and WeChat Wallet, are disrupting emerging markets and challenging banks by becoming viable alternative payment methods, according to a survey commissioned by ACI Worldwide and conducted by IDC Financial Insights.
Calling it the last piece in his multi-continent acquisition spree to position MOL as Asia’s leading e-payment provider, Ganesh Kumar Bangah, MOL Global’s founder and chief executive officer, has acquired a 50% stake in NganLuong, one of Vietnam’s largest online payment and escrow platform providers for domestic and cross-border e-commerce.
Thanks to open source software and cloud-based services, there has never been a better nor cheaper time to build out a product or roll out a service. As a consequence, the dynamics of raising money for start-ups has changed too, says Ted Sorom, the founder of Rixty Inc, the payment solution company that MOL Global Pte Ltd just acquired.
Ganesh Kumar Bangah has built MOL Global into one of the world’s top five game payment companies, mainly because of its physical payment outlets that augment its online payments. In the process, he has provided the stimulus for Malaysia to become one of the region’s largest game publishers.