Forest Interactive, a global mobile technology company that provides multifaceted Platform as a Service (PaaS) and Value Added Service (VAS) solutions specializing in Mobile Content Distribution and Digital Payment Services, is shortlisted for the Asia Communication Awards. The awards is a platform that recognises achievement and innovation in Asia to the global telecommunications industry. The winners of the awards will be presented on June 27th 2018, in Singapore, at the Conrad Centennial.
“We are honoured to be shortlisted among the respectable and huge competitors in the telco industry under the Innovation Award: Vendor category for one of our technology, Wallet Codes” states Sheena Pimentel, Head of Corporate PR. “What makes the technology so special, is it allows a new revenue stream for mobile operators to reach millions of gamers globally, and at the same time we are addressing the lack of banking privileges in certain countries. Imagine having to want to buy a game in your wish list because of the Steam Winter Sale, but you don’t have the means. Wallet Codes gives every person a chance to buy their favorite item for their favorite hero without the need to go to stores to buy the actual cards, at any time of the day,” Sheena adds. Designed and conceptualized for the games market specifically for gamers, Wallet Codes offers optimization of mobile billing as the alternative payment channel for mobile subscribers—Forest Interactive understands how credit card penetration is low in certain regions and the company intends to bridge that gap by offering competitive prices in comparison to traditional distributors all from the comforts of a mobile phone.
Currently operating in 5 countries—Malaysia, Philippines, Taiwan, Indonesia and Pakistan—the company aims to strengthen its market reach in Thailand, Myanmar, and to the company’s other subsidiaries around the globe. Apart from that, Forest Interactive are also expanding westwards towards the Middle East and North Africa regions—specifically in Algeria and the UAE. These upcoming expansions will mark its footprint in the field as one of the major players that combines fintech and telecoms solution for the gaming industry worldwide. The industry is expected to generate revenue of more than $12 billion in 2022 and Forest Interactive aims to help pave the road for mobile operators as well as billing aggregators to meet market demands with Wallet Codes.
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