Razer opens beta access to its e-wallet and expands its merchant network ahead of its H1 2019 rollout in Singapore.
Razer on Friday announced the beta launch of its e-wallet and the strengthening of its merchant network as part of a partnership with FOMO Pay, the Singapore-based gaming company announced in a news release.
The announcement comes just a day after the company opened its third global headquarters, which focuses on fintech and esports, across the border in Malaysia.
«Razer Pay is already one of the largest e-wallets in Malaysia and we plan to provide for interoperability across the border to Singapore in the future. Over the next few weeks to months, we expect tens of thousands of new merchants to begin enabling Razer Pay as part of our partnerships with NETS and FOMO Pay in Singapore,» Razer CEO Tan Min-Liang said in the announcement.
Hotly Anticipated
The e-wallet has been available in Malaysia since July 2018. Its Singapore launch was hotly anticipated since Tan committed to spearhead support for an e-payment solution for Singapore in a Twitter conversation with Singapore Prime Minister Lee Hsien Loong that began in 2017.
In its proposal, Razer said that if there was no suitable third-party e-payment provider, it would launch Razer Pay, which will be funded and run by the gaming company, with a view to issuing 1 million wallets in Singapore by April 2019.
Users can sign up for beta access to the e-wallet now. A unique access code for the Razer Pay app will be sent to applicants via text message in the next few days, the company said. During the beta phase, users will be able to use Razer Pay at Buzz convenience stores and Dunkin Donuts outlets.
«Participants will get to experience the full functionality of Razer Pay and enjoy frequent gaming-focused promotions and events such as giveaways of Razer Gold, Razer PIN, and other digital content,» Razer said.
FOMO Pay Partnership
Under Razer's partnership with FOMO Pay, both companies will progressively roll out Razer Pay acceptance on FOMO Pay’s network of more than 4,000 acceptance points in Singapore.
«Many of our merchants have seen accelerated growth upon the adoption of mobile payments. This partnership with Razer Pay is exciting for us as we believe it will enable them to extend their reach even further to the youth and millennial audience,» Zack Yang, chief operating officer and co-founder of FOMO Pay, said.
Recognized as the leading brand for gamers in the U.S., Europe and China, Razer was founded in Singapore in 2005. It is headquartered in San Francisco, Singapore, and Malaysia and has 15 offices worldwide. The company is listed on the Hong Kong Stock Exchange.
