Thursday, 11 August 2011
First co-branded prepaid card for PayPal and MOL in Asia Pacific available initially for Malaysian consumers issued by EON BHD
Kuala Lumpur, Malaysia, 15 July 2010 – PayPal and MOL AccessPortal Berhad (MOL), one of Asia Pacific’s leading payment system providers, today announced a strategic collaboration to provide Malaysian consumers with a new prepaid card, called the MOL PayPal – The Digital Card, for online shopping and gaming. Issued by EON Bank Berhad, this is the first co-branded prepaid card for PayPal and MOL in the Asia Pacific region and will be available initially in Malaysia on July 19, 2010. The new card enables Malaysians to fund a PayPal account that can be used to conveniently shop on millions of websites worldwide or to easily reload MOLPoints to purchase online games, products and services – all without the need of a credit card. Visit www.PayPal-MOL.com for more info.
“We’re continuing to build key alliances to grow our business in Asia Pacific and today we’re very excited to launch our first-ever co-branded prepaid card in the region to provide Malaysians with a new way to fund their PayPal accounts,” said Melanie Tan, Vice President of Regional Strategy & Business Development, PayPal Asia Pacific. “MOL’s wide distribution network, prepaid card experience and digital lifestyle leadership makes them an ideal choice for this venture and we’re thrilled to combine their local strengths with the ease-of-use and security of our global online payment platform.”
“We believe Asian countries such as Malaysia can take the lead in driving digital trends. The new prepaid card co-branded by MOL and PayPal will enable many more people to embrace a digital lifestyle and use computers and the Internet to shop and have fun,” said Ganesh Kumar Bangah, president and chief executive officer for MOL. “PayPal’s fast checkout, security features and consumer protections combined with MOL’s extensive knowledge and network in the payment industry in Asia will enable more opportunities for consumers, merchants and game publishers.”
The MOL PayPal – The Digital Card provides Malaysians with a faster, safer way to shop the world through PayPal. Users don’t need to enter their financial information every time they purchase an item online – they just click on the PayPal button, enter their email and password and approve the purchase. Not only is this faster, but also more secure as PayPal doesn’t share user’s financial information with the merchant. In addition, PayPal’s Buyer Protection policy provides a full refund for eligible items if users do not receive the items they purchased.
MOL has over 200 game titles under its belt. MOL has been actively equipping gamers with the most robust online game payment service in Malaysia since 2002. The Digital Card allows gamers to immerse themselves in rich online worlds such as the ultra-popular MMORPG, World of Warcraft, which boasts over 11 million players worldwide.
Shopping Benefits and Gaming Rewards for Using The Digital Card
“Many Malaysians still do not have credit cards or are not comfortable using their credit cards online, so this new prepaid card will allow them to use a PayPal account to quickly and more safely shop online as well as buy MOLPoints to play exciting online games,” said Elias Ghanem, General Manager, PayPal Southeast Asia & India. “Besides being able to conveniently top up the card at more than 15,000 physical locations around the country or via online banking, Malaysians can get a wide range of shopping benefits and gaming rewards for using The Digital Card.”
Author : MOL Global
Source : molemoneyonline.com
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