Gaming lifestyle company Raser signs deal with Visa for payment solutions

Monday, Jul 01, 2019 16:38

Raser and Visa announce a tie-up to offer a payment system in Southeast Asia before going global. — Photo Courtesy Visa Vietnam

Razer, a global lifestyle brand for gamers, has announced a tie-up with Visa hoping to bring the scale and reach of the latter’s global network to its Razer Pay e-wallet users.

It will see Razer Fintech join Visa’s fintech fast-track programme meant to access its global payments network.

The two will develop a virtual Visa pre-paid solution to be embedded in Razer Pay, which will allow up to 60 million users to make payments wherever Visa is accepted at 54 million merchant locations world-wide.

Razer Fintech and Visa plan to roll out the solution gradually in selected countries across South-east Asia in the next several months before expanding globally.

Chris Clark, Visa’s president for the Asia Pacific, said: “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.”

The companies said they look to roll out a Razer-branded Visa prepaid payment solution integrated into Razer Pay via a mini-app.

This will complement Razer Pay’s existing offerings such as mobile top-ups, virtual credits and entertainment purchases for music and streaming services.

Southeast Asia has an unbanked and underserved population of over 438 million, and the partnership has the potential to extend micro-finance services to this segment. — VNS


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