TransferTo, an Ingenico Company, partners with MOL Global Pte. Ltd. to provide MOLPoints as a Payment Option for Prepaid Mobile Reloads
KUALA LUMPUR, Malaysia, 12th January 2012 MOL Global Pte. Ltd., one of South East Asia’s largest internet companies, is delighted to announce that its wholly owned subsidiary, MOL AccessPortal Sdn. Bhd. (MOL) has entered into a partnership agreement with TransferTo, an Ingenico Company and global airtime remittance hub that interconnects mobile operator’s prepaid systems, to deliver international top-up services with MOLPoints.
MOLPoints is a virtual currency used by online consumers in the Asian region to acquire online credits and digital goods. With this partnership, MOL users in Malaysia are able to utilise MOLPoints to purchase mobile credits via TransferTo’s top-up system at over 19,700 physical payment channels, nationwide.
“This is exciting news for our Malaysian users as they are able to reload mobile credits for their families, friends and colleagues, anywhere in the world with MOLPoints,” says Eric Barbier, CEO and Managing Director of TransferTo. “For those who travel frequently, our partnership with MOL ensures that they will always be connected.”
Currently available in countries such as Bangladesh, China, India, Indonesia, Vietnam and rolling across an existing coverage of over five continents, TransferTo is the leader in prepaid airtime remittances, and enables real time prepaid top-up transfers to over 230 partner mobile network operators in 80 countries, reaching 3.6 billion prepaid users. TransferTo supports multiple payment channels enabling Phone to Phone, POS to Phone and Web to Phone top-up transfers.
Ganesh Bangah Kumar, Group Chief Executive Officer of MOL Global says, “MOL understands our customers’ needs and TransferTo’s extensive reach is parallel to our goals of providing widely accessible, value-added services. This partnership also reflects our continuing commitments to maximise solutions for businesses in the global telecommunication sector, and to be the leading payment service provider in Asia.”
For more information, please visit MOL TransferTo.
About MOL Global Pte Ltd (MOL Global)
MOL Global is one of Southeast Asia’s biggest internet companies and fully-own both payment service provider, MOL AccessPortal Sdn Berhad (MOL) and the world’s pioneer social network, Friendster Inc. (Friendster) Through its ownership of MOL and Friendster, MOL Global has one of the region’s largest end-to-end content, distribution and commerce networks, pairing MOL’s physical payment collection points and payment platforms with Friendster’s large online footprint, social network and gaming community in Asia. For more information on MOL, vist www.molglobal.net or www.mol.com.
About MOL AccessPortal Sdn Bhd
MOL AccessPortal Sdn Bhd (MOL) is one of Asia’s leading payment service providers. MOL is a MSC Malaysia Status Company that operates and develops payment system. MOL handles over 60 million transactions with an annual payment volume of more than US$300 million. MOL leverages on a network of more than 600,000 physical payment collection points across more than 80 countries. It is also linked online to more than 88 banks in 9 countries worldwide. MOL is recognized as one of the Asia Pacific’s fastest growing technology companies in the Deloitte Technology Fast 500 Asia Pacific Awards 2011. MOL is headquartered in Malaysia with offices across Asia Pacific. For more information, visit www.mol.com.
TransferTo is a Global Airtime Remittance Hub that interconnects mobile operators’ prepaid systems to deliver end to end cross border top-up services. TransferTo is the only fast, convenient and reliable solution enabling the transfer of small amounts of value in the form of prepaid mobile credits, the ideal low cost, high value complement to cash remittances. TransferTo has been designed for migrants and travellers, who can now remotely recharge the prepaid phones of their loved ones back home from their mobile phones, the Internet or at a retail location. TransferTo is a must have Value Added Service for Mobile Network Operators, Retailers, Money Transfer Operators and Financial Institutions targeting the ethnic market segment. With a global reach over five continents, TransferTo is the leader in international prepaid airtime remittances, and enables real time prepaid top-up transfers to 230 partner Mobile Network Operators in 80 countries, reaching 3.6 billion prepaid users.
TransferTo is part of Ingenico (Euronext: FR0000125346 – ING) the world’s leading provider of payment solutions, with over 15 million terminals deployed in more than 125 countries. Its 3,000 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sales revenue. For more information, please visit the following website: http://www.transfer-to.com.
MOL is a trademark of MOL AccessPortal Sdn Bhd in Malaysia. All other product and company names herein may be trademarks of their respective owners.
Erik Van Thielen
VP Marketing & Business Development
+65 6345 7022
Hi-res company’s logos and executive photos can be downloaded at: http://www.flickr.com/molpr.