Proactive Investors - Run By Investors For Investors

Esports Mogul releases new financial hub Mogul Wallet to drive commercialisation

The company has also integrated with global payment providers to support worldwide payment options.
Esports Mogul releases new financial hub Mogul Wallet to drive commercialisation
With easy payment methods, users will be able to make one-time deposits into the Mogul Wallet or subscribe to Mogul VIP

Esports Mogul Asia Pacific Ltd (ASX:ESH) has released its financial hub Mogul Wallet, allowing users to deposit, withdraw funds and access virtual rewards from the platform.

This means the company can move towards commercialisation initiatives, integrating with global payment providers and Razer Pay, which allows the company to monetise and finalise paid features.

The Mogul Wallet will serve as the rewards portal where users can access all winnings and virtual rewards from tournaments, Esports Elite and Refer a Friend.

“Incredibly exciting time”

Esports Mogul managing director Gernot Abl said: “This is an incredibly exciting time for the company as we approach commercialisation.

“The release of the Mogul Wallet is an integral part of monetisation and has spring-boarded a flurry of activity and preparations for paid features as we continue to move towards our ultimate goal.”

 

Esports Mogul Wallet 

 

The Mogul VIP feature is the subscription service where users will initially be able to access exclusive tournaments, private Esports Elite leader-boards and extra rewards for daily tournaments.

The offerings will be enhanced to ensure continued user satisfaction and engagement before being launched in due course.

Paid entry tournaments will also be released soon and will enable users to play in exclusive tournaments with bigger prize pools.

700 different payment methods

The company has integrated with payment providers specialising in video game payment, billing and distribution tools to aid in the payment process for the Mogul Wallet.

These payment providers operate globally and support in excess of 130 currencies accepting more than 700 different payment methods.

They also offer a range of deposit methods including options for the unbanked or those without credit cards.

READ: Esports Mogul reaches 1 million registered users ahead of Silver Slam tournament

Esports has integrated with MOLPay to power one-time deposits with the newly launched payment method, Razer Pay.

Razer Pay is an e-payment platform that gained more than 300 thousand users and 11 thousand transactions within the first 48 hours of launching.

The platform is expected to be released in Singapore later in the year.

- Jessica Cummins

 

View full ESH profile View Profile

Esports Mogul Asia Pacific Ltd Timeline

Related Articles

ROBO Global US CEO Travis Briggs
August 15 2018
Investors can buy directly into the popular ROBO ETF based on the benchmark index comprised of 87 top robotics, automation and AI companies.
Hazer's pilot plant
November 28 2018
The company is focused on producing synthetic graphite and hydrogen using its low-cost, low-emission Hazer Process.
An armour plate based on XTclave technology
08:30
The upper limit of the defence supplier’s guidance this half-year is $21.6 million.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use