Razer to add 54m merchants to payments network via Visa tie-up

Gaming lifestyle brand Razer announced a partnership with global digital payments company Visa to make payments through the Razer Pay e-wallet available at Visa’s global network of merchant locations.

From left: Limeng Lee (Chief Strategy Officer, Razer), Min-Liang Tan (Co-founder and CEO, Razer), Chris Clark (Regional President, Asia Pacific, Visa), and Cietan Kitney (Head of Asia Pacific Solutions, Visa) / Photo credit: Razer

As part of the partnership, the Singapore-based company’s fintech arm Razer Fintech will join Visa’ fast-track program, where the two companies will develop a virtual Visa prepaid solution to be integrated into the Razer Pay e-wallet. The new prepaid solution will complement Razer Pay’s existing offerings, which include mobile top-ups and virtual credits, as well as music and streaming purchases and subscriptions.

Razer and Visa plan to roll out their solutions progressively in selected countries across Southeast Asia during the following months, prior to expanding globally.

According to a statement, Razer and Visa’s partnership looks to tap into the large unbanked and tech-savvy population of Southeast Asia.

The two companies said their solutions will help improve the financial literacy levels of the region’s population, only 27% of which have a bank account, according to a study by KPMG.