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, an Indonesian payment service provider focusing 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, President, Global Operations, MOL Global. “MOL understands Indonesia’s games industry. We are dedicated to continue providing innovative ways to connect our global partners with the Indonesian consumers.”
Existing AyoPay staff will join MOL Indonesia and continue to grow the business.
This is MOL AccessPortal’s second investment or acquisition announcement in a month. Last week, it announced that it has bought majority stakes in Game Sultan and PaytoGo, two online payment companies in Turkey.
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Terence LEE - Editor
Terence writes mainly about technology trends and startups in Asia. He believes in crafting smart content: Not just a regurgitation of text, but well thought-out pieces that serve the reader using a combination of data, design, narratives, analysis, and visual impact. His articles have been published on Venturebeat, Yahoo!, Straits Times, Today, and The Online Citizen. He also co-founded NewNation.sg, a satirical news site covering Singapore affairs. Engage him on LinkedIn and Twitter.Read other posts by Terence LEE