MOL snaps up AyoPay to expand it online payment reach

MOL

Acquired AyoPay

Malaysian virtual currency service MOL is buying Indonesian business-to-business payment service, AyoPay. The two  services have worked together in the past with AyoPay acting as a distributer for MOL’s virtual currency MOLPoints, across 40,000 Indonesian channels, for the past three years (reports StrategyEye).

MOL claims to operate more than 600,000 channels across 80 countries, recently entering the lucrative markets of Turkey and the Middle East with the acquisitions of Game Sultan and PaytoGo last month. The company says that Indonesia will be its main focus in 2013 where AyoPay will continue to distribute MOLPoints under its current branding. The terms of the deal, which took six months to complete, are undisclosed.

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