MOLG Profile
MOL Global, Inc. (MOLG) is a Malaysia-based company that operates a global online payment system. The company was founded in 2000 and went public in 2014. MOL Global's main product is its online payment system, which allows consumers to make purchases on various online platforms using MOLPoints, a virtual currency that can be purchased with cash or through various online payment methods.
MOL Global has a strong presence in Southeast Asia, with operations in Malaysia, Indonesia, Thailand, the Philippines, and Singapore. The company has also expanded into other regions, such as Europe and the United States. MOL Global works with a wide range of partners, including online game developers, digital content providers, and e-commerce companies.
MOL Global's revenue is primarily generated through the sale of MOLPoints to consumers and the collection of fees from its partners. The company has also been expanding into new areas, such as mobile payments and online advertising.
In recent years, MOL Global has faced challenges due to increased competition in the online payment industry, as well as regulatory issues in some of its key markets. The company has been working to address these challenges by focusing on product innovation and expanding its partnerships.
As of September 2021, MOL Global's market capitalization was approximately $143 million.
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