Facebook, MOL to promote virtual currency business in Asia

Beijing Time July 8 Noon news, according to foreign media reports, the Malaysian payment company MOL Global announced today, a strategic partnership agreement with Facebook, to facilitate the Asian users to buy Facebook's online games and applications of virtual goods. Under this agreement, Accessportal, a wholly owned subsidiary of MOL Global, will be the payment service provider for the Facebook credit coin (credits).　　This allows Facebook users to buy Facebook's credit coins via mol points and mol.com. In the next few months, Facebook users will be able to purchase a number of mol points from a mol global of more than 500,000 sales outlets, and take the Facebook credit coin. MOL Global's sales outlets are mainly located in Malaysia, Singapore, Indonesia, the Philippines, Thailand, India, Australia and New Zealand.　　In addition to the sales outlets in 7-11 convenience stores and internet cafes, users can also buy Facebook credit coins via MOL Global in these countries ' online banking outlets.　　Facebook will also launch a common branded gift card with MOL Global and sell it in Malaysian and Singapore sales outlets, which can also be exchanged for Facebook credit coins. The deal will provide a huge advantage for Asian users to buy Facebook virtual coins.　　Users in Asia mainly use offline payment methods, with relatively few users buying virtual goods and services from the Internet via credit cards. MOL Global Group CEO Gannich Coumars Bong Ganesh Kumar Bangah said: "Collaboration with Facebook has proven that MOL has been a growing leader in Asian social network payment service providers, especially in Malaysia, Singapore, Indonesia, Key countries such as the Philippines, Thailand and India. Over the past few quarters, we have seen double-digit increases in payment volumes and trading volumes. This collaboration will continue to increase the MOL momentum and create Asia's largest end-to-end content, distribution and business network. "Cooperation with MOL means that we can offer the benefits of the Facebook credit coin to millions of users in Asia by leveraging the already widely used and trusted payment system," said Vaughan Smith, a Facebook business and corporate development Wahn Smith. We will invest in Facebook's credit coin for a long time, and we see this as an important opportunity to expand the use of this simple and unified virtual currency for Facebook games and apps. "The Facebook credit card allows users to buy and spend virtual money in more than 150 apps offered by Facebook's leading developers, thereby avoiding everyThe trouble of entering payment information separately in the application. More than 70% users are using apps over the Facebook platform each month. (PEI)