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MACROKIOSK enables content providers to monetise their digital content across Southeast Asia via a single direct connection to its mobile payment platform

Malaysian mobile technology company MACROKIOSK has secured an undisclosed sum in strategic investment from GMO Payment Gateway, a unit of Japanese conglomerate GMO Internet Group, in return for a substantial stake.

“Having GMO-PG as a strategic stakeholder puts us at a higher level-playing field, extending beyond our leadership in the Southeast Asia regions, and we see that there will be substantial synergies and business leverage arising from this investment. It will significantly accelerate the speed in which we adopt new technologies and innovate solutions to meet the dynamic needs of our diverse clienteles from 18 industries,” the company said in a statement.

MACROKIOSK was founded in 2000 by brothers Goh Chee Ken, Goh Chee Heng and Goh Chee Seng. It is an enterprise mobility and mobile payments services company that enable leading content providers to monetise their digital content across Southeast Asia via a single direct connection to its mobile payment platform.

It serves more than 2,000 clients, reaching out to 37 countries within 18 industry verticals ranging from financial services, aviation to hospitality and leisure, offering complete secure and scalable enterprise mobility solutions in key engagement areas such as interactive, notification, authentication and security.

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The company has presence in 12 countries across Asia namely Australia, China, Hong Kong, Indonesia, Macau, Malaysia, the Philippines, Singapore, Taiwan, Thailand, Vietnam and the UAW. It has more than 250 employees.

GMO-PG is one of the largest payment service providers in Japan offering payments and financial-related services to e-commerce merchants, banks and leading companies in Japan and across Southeast Asia.

It has been looking to expand its current provision of e-commerce and payment services to local banks and leading companies in the Southeast Asia region, in which this strategic investment will pave way for the service extension.

GMO-PG currently has five local companies in Singapore, Hong Kong, Taiwan, Malaysia and Thailand. It also runs GMO Global Payment Fund that invests in capital, creates business alliances and works collectively in advancing the company’s overseas business expansion mainly in the payment sphere.

GMO-PG has also committed further cash investments into the company MACROKIOSK.

The post Japan’s GMO invests in Malaysian mobile tech company MACROKIOSK appeared first on e27.

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