Visa, Razer partner for digital wallet to serve underbanked

By Olivia Minnock
Payment solutions giant Visa has partnered with a Singaporean business that aims to improve financial inclusion for the underbanked. Razer is best know...

Payment solutions giant Visa has partnered with a Singaporean business that aims to improve financial inclusion for the underbanked.

Razer is best known for gaming laptops and other equipment, but much like Chinese giant Tencent has diversified from gaming into fintech, offering a mobile payments app for users called Razer Pay.

The pair are developing a Visa prepaid solution, which will allow users to upload credit to a digital prepaid card even if they do not have a bank account. Users can top up and cash out, and are able to pay at any merchant that accepts Visa around the world.

SEE ALSO:

Razer has 60mn registered users, often from countries with poor financial infrastructure. The companies announced their partnership on Monday and are currently rolling out the service across selected countries in the SEA region, but in the long term aim for global expansion.

“Razer Fintech is a core growth initiative for Razer as we continue to empower digital payments across emerging markets,” said Razer CEO Min-Liang Tan. “We are incredibly excited with the opportunities that this innovative payment solution serves to millions of customers, connecting them to an extensive network of merchants globally.”

Share

Featured Articles

Top 100 Women 2024: Allison Paine Landers, UBS - No. 10

FinTech Magazine’s Top 100 Women in FinTech honours UBS’ Allison Paine Landers at Number 10 for 2024

Top 100 Women 2024: Akila Raman-Vaseghi, Goldman Sachs No. 9

FinTech Magazine’s Top 100 Women in FinTech honours Goldman Sachs’s Akila Raman-Vaseghi at Number 9 for 2024

FinTech LIVE Dubai: 1 Week to Go!

Find out everything you need to know about FinTech LIVE: Dubai, the must-attend virtual event for fintech leaders in the Middle East and Africa

FinTech LIVE Singapore: 1 Week to Go!

Financial Services (FinServ)

Top 100 Women 2024: Yolande Piazza, Google – No. 8

Financial Services (FinServ)

FinTech LIVE Singapore Announces Four New Speakers

Tech & AI