Sales League Table 2020 | Banking Technology Winners

Results Announced!

IBS Intelligence launches BankTech Daily News

Subscribe today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

Razer Fintech and Google partner for offline payments

Razer, FinTech, AsiaKuala Lumpur-based Razer Fintech has announced that Google Play Store consumers can make offline-to-online (O2O) payments through its Razer Cash solution. The FinTech company’s solution enables Google Play Store customers to purchase in-app items and they can top up Google Play credits by paying cash at offline acceptance points.

The O2O solution addresses the requirements of users interested in purchasing digital goods but yet are unable to because of the lack of a credit/ debit card, or an internet-ready bank account. This solution will be first available at the 2,761 7-Eleven stores across Malaysia.

Limeng Lee, CEO, Razer Fintech enunciated, “Razer Fintech recognizes the needs of the underserved and underbanked population, and we want to bridge the gap between offline to online channels.”

“With Razer Cash, we can now open up a new channel for users to gain access to Google’s in-app products. This partnership underlines Razer Fintech’s commitment to work with a best-in class industry leader such as Google to create and deliver practical financial solutions for the general public especially in the emerging markets”.

The acceptance of the solution is said to represent the deepening partnership between both the parties.

“Regionally, in Thailand and Malaysia, Razer Fintech has already availed the Google Play Store gift cards at physical stores. There, users can purchase these Point-of-Sale-Activated (POSA) cards to top up their Google Play balance,” Eng Sheng Guan, Head of Razer Merchant Services adds. “Meanwhile, Razer Cash is already utilized by other leading partners in Malaysia such as Lazada, Shopee and Agoda.”

In April, Singapore FinTech Association (SFA) and the financial technology company partnered to address the key issues facing the FinTech industry in Singapore as a result of the Covid-19 pandemic, which includes business continuity concerns, high business costs, funding and employment.

Related IBS Intelligence Research

Related Posts

NAB

NAB to recruit bankers and advisers for high net wealth clients

National Australia Bank (NAB) announced that it will recruit 50 new bankers and advisers, as part of its new strategy to provide high net wealth clients with a single point of access for their financial needs, ranging from wealth creation, business growth to retirement needs and philanthropic investment. JBWere CEO and leader for NAB Private, […]

This post is only available to members.

Read More »

EQ launches new automated complaints management product

EQ has announced that it is launching a new automated complaints management product for the financial services industry, EQ Complaints Professional. The new solution is expected to enable firms to enforce their FCA compliance immediately as well as continually as regulation changes. Andrew Edler, MD of EQ Charter, commented, “We are delighted to bring this […]

This post is only available to members.

Read More »
bank, FinTech, neobank, smartbanks, challenger banks, Asia

Australia’s big 4 banks welcome the launch of open banking

The Competition and Consumer (Consumer Data Right) Rules went live on July 1, in Australia. This has been welcomed by the big 4 banks of the country – ANZ, Westpac, Commonwealth Bank and NAB where they will be sharing their customers’ data with third parties, when requested by the customer. Angus Sullivan, CBA’s Group Executive […]

This post is only available to members.

Read More »

Lendio facilitates $8 bn in PPP loans to 100,000 small businesses

Lendio, a leading marketplace for small business (SMB) loans, announced that the company has till now facilitated $8 B in Paycheck Protection Program (PPP) loans for 100,000 small businesses. The firm’s partnership with 300 SBA-approved financial institutions and FinTech leaders has helped the company to secure COVID-19 relief funds for several underserved segments of the […]

This post is only available to members.

Read More »