Mol Points

Topics: Southeast Asia, Limited company, Deloitte Fast 500 Pages: 1 (333 words) Published: May 14, 2013
MOL AccessPortal Sdn berhad was incorporated in Malaysia under the Companies Act, 1965 on 9th of February 2000 as a predicate limited company under the name of Superior World Sdn Bhd. It assumed its present name on 8th of July 2000 and was converted into a public limited company on 29th of April 2002. MOL has obtained approval from Central Bank of Malaysia as an e-Money operator in Malaysia in December 2002. MOL was officially listed on the MESDAQ Market of Bursa Malaysia Securities Berhad under the Technology Sector on 22 December 2003. MOL was privatized by Tan Sri Vincent Tan who is the Chairman & CEO of Berjaya Corporation, one of the largest conglomerates in Malaysia with an annual turnover of USD3.8 billion in February 2008. MOL is a MSC Malaysia Status Company that develops and operates payment systems. It leverages on a network of over 600,000 physical and virtual payment channels across more than 80 countries worldwide to operate its key payment products. MOL processes over 6,000,000 transactions per month with a volume of more than USD300 Million a year. MOL is recognized as one of the Asia Pacific’s fastest growing technology companies in the Deloitte Technology Fast 500 Asia Pacific Awards for 2005 & 2006, has won a Merit Award for the Best of E-Commerce Applications in MSC Asia Pacific ICT Awards and is a Microsoft Certified Partner. MOL Global Pte Ltd is formed in Singapore to roll-out services in Singapore in July 2008. In June 2009, the company passes the USD100million mark in yearly revenues and also achieves Group Revenues of over USD80Million. Then, MOL AccessPortal Co Ltd, Thailand and MOL India Pvt Ltd were formed respectively in September 2009 and October 2009. In 2010, MOL became partners with Facebook to distribute Facebook Credits in South East Asia, India, Australia & New Zealand. MOL also ranked 23rd in the Deloitte Fast 500 Companies of Asia Pacific 2010 becoming South East Asia's fastest growing technology.  
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