Razer makes virtual currency push with $20M investment in Asian payment firm


Razer has invested close to $20 million into Malaysia-based online payment firm MOL Global as part of a push to establish its virtual currency for gamers in Asia.

The deal sees Razer subsidiary ZV-Midas buy equity from existing backers MOL Investment and Hotel Resort Enterprise in a deal that values the MOL Global business at around the $100 million mark.

Gaming company Razer, which made its name selling high-end peripherals and gaming laptops, introduced its ‘zVault’ digital wallet and ‘zGold’ rewards program for its gamers back in March. The strategy seems like a long-term effort to keeps gamers’ money inside the Razer ecosystem, via its services and services of its partners, and bolster its e-commerce business through rewards and incentives.

This week’s investment…

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Mobile gaming sessions down 10 percent year-over-year, but revenue climbs


The U.S. is leading the world in mobile gaming, accounting for 20 percent of all sessions played. That’s the word from a new industry report on the mobile gaming landscape, released this week from Flurry. That puts the U.S. ahead of markets including India, China, Brazil and Russia, it found. However, gaming sessions are dropping, even as the money to be made in games climbs, and the total time spent gaming remains largely unchanged.

According to the report, mobile gaming sessions are down 10 percent year-over-year. That’s even with the outsized hits like Pokémon Go gobbling up huge chunks of users’ time and attention.

This is not the first time Flurry has spotted a decline in gaming. In January, the firm reported it had seen a 4 percent drop in terms of the time spent in…

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