MOL Global (MOL), a South East Asia internet company, is launching in Australia and New Zealand through a majority investment in Ocash Pty Ltd (ocash), a payment service provider specialising in online game credit (view press release). MOL states that the investment is a step towards extending its platform for online games and payments in the Asia Pacific region.
“According to PricewaterhouseCoopers’ research in 2011, the online game industry in Australia alone is expected to grow to AUD 1 billion in 2014. We see this as an opportunity that we and our partner merchants can tap into,” said Craig White, president of MOL Global.
MOL has around 600,000 physical and online payment channels and is partnered with approximately 150 online game publishers and social networks around the world including Facebook, Zynga and Electronic Arts.