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.
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