MOL Global is the Proxy to Growth of the Internet and E-Commerce in Southeast Asia

2014-10-10

Primary product is the MOLPoints micropayment system, which sells payment credits that can be used by consumers to purchase online game credits and other digital content, including Facebook Game Cards. In emerging markets, CEO Ganesh Bangah explains to TheStreet’s Jill Malandrino banks typically don’t want to process payments for smaller merchants. MOL Pay is a payment gateway that links the banks to e-commerce merchants which enables them to process Visa and MasterCard payments online. The physical distribution network comprises more than 970,000 physical locations in 13 countries across four continents. Bangah says MOL Global’s strategy to drive growth is focused on further product penetration across existing markets, emerging market and online merchant network expansion and mobile execution.