Esports Mogul shakes hand with Southeast Asia’s payment gateway provider MOLPay

  • Sep 20, 2018 AEST
  • Team Kalkine
Esports Mogul shakes hand with Southeast Asia’s payment gateway provider MOLPay

To fuel up the monetization strategy in its online gaming platform, Esports Mogul Asia Pacific collaborated with Southeast Asia’s payment gateway company MOLPay, a subsidiary of US-based Razer Inc.

The purpose of this strategic partnership is led by the Esports Mogul’s aim to facilitate in-game transactions to monetise its online esports tournament platform.

The integration would enable an e-sports media company to accept in-game purchases and other transaction from anywhere in the Southeast Asia without any currency barrier. The deal has set Esports Mogul to join the top-notch stream of gaming industry who are already in partnership with MOLPay to monetise their digital content and games in the region.

This mutually beneficial partnership oversees more users and greater activity to Esports Mogul’s platform. Further, Esports Mogul is expected to unveil the complete monetization and subscription features over the coming months.

Company Profile of the Partners:

MOLPay is Southeast Asia’s leading payment gateway provider which is a subsidiary of Razer Inc. Its technology powers credit card and offline-to-online transactions for millions of customers daily in Southeast Asia. MOLpay is in partnership with many household brands such as Starbucks, Sephora and Expedia. Gaming industry giants like PlayStation, Wargaming and Facebook Gameroom are also in collaboration with MOLPay for its payment gateway technology. 

Esports Mogul Asia Pacific Limited (ASX: ESH) is an Australia-based e-sports media company. Incorporated in 2011, the company is engaged in developing an e-sports media and software business to provide an integrated online gaming platform. Its key product includes Mogul Arena Tournament platform which allows esports players to take tournaments globally. The company also offers Game Geek, games news and digital media site.

Despite announcing tremendous success in its monetization plan, Esports Mogul’s share price tumbled by 8.696% to $0.021 on 20 September 2018. The stock has seen a performance change of +53.33% over the past one year but it has dropped by 4.17% in the last three months.

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