Event Recap: Malaysia Blockchain Week 2025 Overview
Malaysia Blockchain Week 2025 recently convened industry professionals, developers, and policymakers to explore the evolving landscape of blockchain technology and its applications. The event served as a platform for discussions across various sectors, including finance, logistics, and gaming payments. Panels and keynotes addressed current trends, operational challenges, and potential developments related to digital payments in gaming.
Session Highlight: “Web3 Payments in Gaming: Instant. Global. Borderless” Panel
One of the key sessions, “Web3 Payments in Gaming: Instant. Global. Borderless,” featured MGMAX’s Chief Executive Officer, Narishvin Sukumaran, as a panelist. The discussion brought together diverse perspectives on how payment systems in the gaming sector are adapting to new technological capabilities and market demands. The panel aimed to dissect the current state of gaming payments, identify prevalent challenges, and discuss pathways for future evolution.
Addressing Core Payment Challenges in Gaming
Narish contributed to the discussion by highlighting several operational realities within the gaming payment ecosystem. A central point was the impact of payment fraud reduction. The panel noted that traditional payment processes in gaming often contend with elevated fraud rates, necessitating extensive verification. Narish’s insights underscored how certain digital advancements could offer pathways to more transparent and secure transaction environments, potentially mitigating these risks.
The session also delved into payment cost efficiency. Discussion included the high processing fees typically associated with gaming transactions. Narish elaborated on how optimizing these costs could allow game publishers to reallocate resources towards game innovation and expansion. His perspective drew from experience managing significant transaction volumes in Southeast Asia, where cross-border payments often incur considerable overhead.
The panel acknowledged the multifaceted challenges impacting the integration of new payment solutions. Discussions touched upon the existing dominance of traditional payment gateways and diverse local payment methods across regions, which can present complexities for global game publishers.
A key point of focus was payment adoption challenges. Panelists discussed that broad user acceptance and consistent regulatory frameworks are critical for the wider implementation of evolving payment technologies. Narish’s input brought a pragmatic view to these conversations, emphasizing that the strategic decision for large gaming entities to adopt new payment methods is heavily influenced by both user readiness and clear operational guidelines.
The Drive Towards Seamless Gaming Payments
A recurring theme throughout the session was the collective industry objective of achieving a more frictionless payment experience for gamers. The discussion concluded with a shared vision for payment systems that are intuitive and integrated, minimizing user friction and supporting broader accessibility within the gaming world. This focus on seamless functionality underscores a common goal for the payment sector in digital entertainment.
Engaging with MGMAX
MGMAX’s participation in Malaysia Blockchain Week 2025 provided an opportunity to engage with ongoing industry discussions regarding digital payments in gaming. As part of the evolving gaming landscape, MGMAX offers Mastercard Gamer Exchange, a product designed for optimizing digital rewards for maximum consumer engagement and impactful revenue growth. To learn more about MGMAX, Mastercard Gamer Exchange and how it fits with your company into today’s gaming environment, we invite you to connect with us.
About the Speakers
- Roy Kek: As CEO of Emerge Group, Roy Kek moderated the session. Emerge Group is a leading provider of digital solutions. Learn more at https://www.emerge-group.co.
- Christian Corrigan: Christian Corrigan is the CFO of Block Office. Block Office specializes in blockchain-related financial services. You can find more information at https://www.blockoffice.com.
- Narishvin Sukumaran: The CEO of MGMAX, Narishvin Sukumaran was a panelist on the session. MGMAX currently offers Mastercard Gamer Exchange, a B2B solution designed to enable gamers to exchange rewards and loyalty points across different games and platforms. Lear more at https://mgmax.co
- Xavier Yew: As CEO of Rapidz Pay Inc, Xavier Yew’s company focuses on digital payment solutions. Their website is located at https://www.rapidz.io.
About the Companies
- Emerge Group: A marketing and performance management solutions provider for enterprises. The company offers a platform that connects content creators and brands to execute successful digital campaigns.
- Block Office: A strategic finance and advisory firm for startups. Block Office provides a range of back-office services, including financial operations, global incorporation, and fundraising support, with a focus on fast-growing companies in sectors like gaming and Web3.
- MGMAX: A Mastercard gaming partner that provides the Mastercard Gamer Exchange platform. This B2B solution bridges digital assets and real-world value by linking loyalty programs with the global gaming community, enabling brands to offer in-game credits and virtual currency as customer rewards.
- Rapidz Pay Inc: A global digital finance and payment platform. Rapidz Pay Inc focuses on delivering innovative solutions in digital payments and cryptocurrencies, aiming to make crypto transactions more accessible for both individuals and businesses.