Late last year, Razer finally makes its push into KL when it officially launched Razer zGold-MOL Points; this has sparked a few rumours about on how it’s possible that Razer acquires MOL. After all, it’s a huge mobile payment platform. Weeks later, Razer Co-Founder and CEO, Tan Min-Liang boldly declares Razer can put out an e-payment within 18 months; this alone strengthened the rumours.

What Tan did is in response to Singapore Prime Minister, Lee Hsien Loong, call to streamline digital payment services.

Say the word and I’ll have the epayment system rolled out nationwide in 18 months. For Singaporeans. By Singaporeans 😉

— Min-Liang Tan (@minliangtan) August 22, 2017

Having pumped in a US$20 million investment into MOL has caused tongues to start wagging.

Barely a year in and Razer confirms – just hours ago – that its intention to acquire MOL Global Inc. It will do so by purchasing 65.1% of MOL Global issued share capital; this is at a cash consideration of approximately US$61 million.

These new stocks do not reflect what Razer previously owns; some 34.9%. Having 100% of the holdings automatically initiates a merger call and possible delisting of MOL Global; upon completion of the process, there’ll be proper confirmation that Razer fully owns MOL Global.

Upon the completion of the merger, Razer’s current zGold virtual credits business will combine with the MOLPoints platform. This will result in the creation of one of the world’s largest digital credits platforms for gamers; of course, it will run under a single entity.

“This acquisition will combine Razer’s zGold and MOL Global’s MOLPoints virtual credits, creating one of the largest virtual credits platforms for gamers in the world,” shares Tan.

After a rough two-years on the Nasdaq that pummeled MOL Global, this offer from Razer is not surprising. Tan, having made his fintech intentions loud and clear, has been keeping a keen eye on the MOLPoints platform.

The move will not only solidify Razer zGold as the de facto digital currency, once it integrates MOLPoints; this move will also raise the profile of its newly opened online games store with Lazada. More than that, it will accelerate the digital credit efforts that Razer has put in place.

“Southeast Asia represents one of the highest GDP growth regions. (As is,) it has one of the youngest demographics in the world. Additionally, MOL Global already runs one of the largest e-payments networks in the region; (this opportunity will see) the integration of MOL Global’s businesses represents an exciting new segment that Razer can extend into. (Furthermore,) we will be able to leverage on MOL Global’s leading technologies, as well as its massive network of content, customers and partners,” Tan adds.

Before making this move, Razer bought out THX and, prior to that, smartphone maker, NextBit. This directly reflects the scale-up mode Razer is in right now. It’ll be hard to hazard a guess on what comes next after Razer acquires MOL.

(Source: Razerzone)