Berjaya Times Square Hotel, Kuala Lumpur: Soft Space International Sdn Bhd and MOL AccessPortal Sdn Bhd have signed a joint venture (JV) agreement to establish MOLCube Sdn Bhd, which is 65% owned by MOL and 35% by Soft Space.
MOLCube will become a third party acquirer in Malaysia that will further promote a cashless society by enabling more merchants to accept cashless transactions.
Under the JV, MOLCube will benefit from Soft Space’s product portfolio, research and development and MOL’s e-payment strength and international market-driven capabilities.
The signing of the JV agreement between MOL Global group CEO Ganesh Kumar Bangah and Soft Space founder Chang Chew Soon was witnessed by Berjaya Corp Bhd founder Tan Sri Vincent Tan – a major shareholder of MOL Global, and Foetus International Sdn Bhd executive chairman Datuk Vincent Lee.
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For more news articles related to the signing ceremony, please visit:
The Star Online:
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The Sun Daily:
[Archived] 50,000 merchants to use MOLCube by end-2013
The Malay Mail:
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Oriental Daily News: