SINGAPORE (June 24): Razer Inc, the homegrown manufacturer of gaming laptops and gear, and digital payments leader Visa have partnered up to transform payments in the gaming industry by bringing Visa’s global network to Razer Pay e-wallet users.
In the partnership, Razer’s financial technology arm, Razer Fintech, will join Visa’s fintech fast-track programme, which is designed to make it easier for fintechs to access the global Visa payments network.
Razer Fintech and Visa will jointly develop a virtual Visa prepaid solution to be embedded in the Razer Pay e-wallet, allowing some 60 million Razer users to make payments wherever Visa is accepted.
This Razer-branded Visa prepaid payment solution is expected to roll out into Razer Pay via a mini app. The solution will be launched progressively in selected countries across Southeast Asia in the coming months, before expanding globally.
Min-Liang Tan, co-founder and CEO of Razer, says, “Razer Fintech is a core growth initiative for Razer as we continue to empower digital payments across emerging markets, starting from Southeast Asia. We are incredibly excited with the opportunities that this innovative payment solution serves to millions of consumers, connecting them to an extensive network of merchants globally. This partnership with Visa significantly extends Razer Fintech’s position as the largest offline-to-online digital payment network in the region.”
Chris Clark, regional president, Asia Pacific, Visa, says, “We are pleased to partner with such a forward-looking and innovative company that understands the value and importance of expanding access to digital payments. This announcement reaffirms Visa’s commitment to the fast-growing and digitally savvy Southeast Asia region. Together, Visa and Razer Fintech have the opportunity to transform the payments experience for not only the gaming community but many of Southeast Asia’s unbanked and underserved consumers as well.”
