Min-Liang Tan, Co-Founder and CEO of Razer

California-based gaming hardware manufacturer, Razer has partnered with payment processor Visa transforming how payment processing works in the gaming industry.

The partnership will see the development of Razer Fintech, Razer’s financial technology wing with Visa for the creation of virtual Visa prepaid solution for its integration with Razer Pay e-wallet. The partnership allows for 60 million Razer users to make payments wherever Visa is accepted at 54 million merchant locations worldwide.

Chris Clark, Regional President, Asia Pacific, Visa, said: “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.”

Southeast Asia has a large unbanked and underserved population of over 438 million. The partnership between Razer Fintech and Visa has the potential to extend micro-financial services to this underserved segment. Southeast Asia is also home to a massive youth and millennial population of over 213 million.

Min-Liang Tan, Co-Founder and CEO of Razer, said: “Razer Fintech is a core growth initiative for Razer as we continue to empower digital payments across emerging markets, starting from Southeast Asia. This partnership with Visa significantly extends Razer Fintech’s position as the largest offline-to-online digital payment network in the region.”

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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