NEW YORK, Oct. 9, 2014 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) announced that trading of MOL Global, Inc. (Nasdaq:MOLG), the largest e-payment enabler for online goods and services in Southeast Asia, commenced on The Nasdaq Stock Market on October 9, 2014.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=28281
The company operates a payments platform that facilitates online and mobile commerce for consumers in emerging and other markets by providing a vast network of payment channels that accept payment using cash and online methods. MOL's physical distribution network comprises more than 970,000 physical locations in 13 countries across four continents. The company also has mobile payment channels, electronic distribution channels that accept major credit cards and online banking from more than 100 banks.
MOL's primary product is MOLPoints, an online micropayment system which sells payment credits that can be used to purchase online game credits and digital content. The company also operates MOLReloads, a distribution network that distributes prepaid mobile airtime and digital content; MOLPay, a payments solution for online merchants; and MMOG.asia, an online games portal.
"MOL Global continues to expand its footprint of payments services throughout Asia and other emerging markets," said Nelson Griggs, Senior Vice President, Corporate Client Group, Nasdaq. "Nasdaq congratulates MOL Global on its successful initial public offering and we welcome them to our family of listed companies that call Nasdaq home."
By listing with Nasdaq, MOL Global joins many of the world's largest and most revolutionary technology companies. Nasdaq has been the exchange of choice to over 70 percent of technology companies listed in the U.S. markets.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.
The photo is also available via AP PhotoExpress.
Source:The NASDAQ OMX Group, Inc.