Local remuneration use provider ocash has perceived a infancy investment from Southeast Asian internet hulk MOL Global, that will use ocash as a incursion into Australia and New Zealand.
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Based in Sydney, ocash is a remuneration use provider that specialises in online diversion credits for Australia and New Zealand.
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Its flagship product, ocash points, is a practical credit utilized by online diversion enthusiasts to squeeze diversion credits from several diversion publishers.
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The association recently acquired OnlineGamez Australia, an online diversion credit distributor shaped in Dec 2006. Now a multiplication of ocash, it focuses on a sales and placement of online diversion credits.
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MOL Global, that is one of a largest internet companies in Southeast Asia, has announced a launch of MOL in Australia and New Zealand by a infancy investment in ocash.
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MOL is one of a largest online remuneration use providers worldwide, with some-more than 600,000 earthy and online remuneration channels.
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MOL partners with some-more than 150 online diversion publishers and amicable networks worldwide including Facebook, Zynga and Electronic Arts.
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This investment is designed to strengthen MOL?s positioning as a heading height for online games and payments in a Asia Pacific, and will serve extend MOL?s strech for a partners.
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The financial terms of a understanding with ocash are unknown. However, ocash owner Budi Handoko says a association identifies itself ?in line with a prophesy of MOL?.
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?The synergy between both organisations will concede a businesses to strech new heights,? Handoko says.
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?At a same time, a flourishing actor village will be means to benefit new cumulative channels to squeeze several renouned digital products such as Facebook Credits.?
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?[It will also] be introduced to MOL?s outrageous portal of general and Asian games.?
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Handoko, who is regarded as an consultant in a online diversion industry, will join MOL Australia?s government group as arch executive officer.
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According to Craig White, boss of MOL Global, a investment in ocash represents a ?significant step? for MOL as it seeks to strengthen a business plan opposite a Asia Pacific.
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?According to PricewaterhouseCoopers? investigate in 2011, a online diversion attention in Australia alone is approaching to grow to one billion in 2014,? White pronounced in a statement.
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?We see this as an event that we and a partner merchants can daub into.?
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White pronounced a company?s expansion in a segment ? with a investiture of MOL Australia and a investment in ocash ? will yield a ?premium remuneration ecosystem? that is rarely fit in terms of convenience, confidence and cost.
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?With a support of ocash?s gifted team, we are means to offer some-more valued-added services and products to a business in Australia and New Zealand,? he said.
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?This fondness will also yield some-more business opportunities for a region?s diversion developers and publishers as they will be means to extend their strech around MOL to consumers outward [Asia].?
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