Money Online's 2013 Investment
Money Online has acquired a majority stake in PaytoGo to expand into the Middle East. PaytoGo was founded in 2011 as a mobile payment company. PaytoGo, which operates as an online payment company in the Asian region, has acquired a significant portion of Money Online's shares. This investment will serve as a bridge to expand beyond Asia into Europe and the Middle East.
MOL, which operates in the Philippines, Indonesia, America, Malaysia, Brazil, New Zealand, and several other countries, handles over 5 million payment transactions monthly. The company, operating in 80 countries, has 680,000 online and physical payment channels at its service.
Money Online Mobile Payment Market
Money Online partners with over 200 game publishers. The company sees Turkey as an open market in this regard. There are 61 million mobile device owners in Turkey. In this sense, the mobile payment market in Turkey can quickly transform into a sector.
