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Razer and Visa announce partnerships to transfer payments in Southeast Asia



KUALA LUMPUR, Malaysia – (19659002) BUSINESS WIRE ) – Razer ™, the leading global lifestyle brand for players, and Visa, the world leader in digital payment, has announced a first of its worthy partnerships that will change payouts in the gaming industry by bringing the scope and reach of Visa global network to Razer Pay e-wallet users.

The partnership will see that Razer's financial technology arm, Razer Fintech, joins Visa's fintech quick tracking program, designed to make it easier for fintech to access the global Visa payment network. Here, Razer Fintech and Visa will develop a virtual Visa prepaid solution to be added to the Razer Pay e-wallet, which allows up to 60 million Razer users to make payments where Visa is accepted at 54 million malls worldwide.

Chris Clark, Regional President, Asia Pacific, Visa, said: "We are happy to work with such a forward-looking and innovative company that understands the value and importance of expanding access to digital payments. This announcement confirms Visa's commitment to it quickly. growing and digitally savvy Southeast Asia region. Together, Visa and Razer Fintech have the opportunity to change the payment experience for not only the gaming community, but also many of Southeast Asia's unbanked and underserved consumers. "

Min-Liang Tan, co-founder and CEO of Razer, said: "Razer Fintech is a core business initiative for Razer, as we continue to strengthen digital payments over emerging markets, from Southeast Asia. We are incredibly excited about the opportunities offered by this Innovative payment solution earns millions of consumers, connecting them to a comprehensive network of merchants globally. This partnership with Visa significantly expands Razer Fintech's position as the largest online web-based payment network in the region. "

INTEGRATION OF VIEW PREPAID SOLUTION IN RAZER PAY

Razer Fintech and Visa appear to expand an exclusive Razer brand Visa Prepaid Payment Solution integrated into Razer Pay via a mini-app, which will cement Razer Pay's position as one of Southeast Asia's leading e-wallet platforms.

By utilizing Visa's global network, Razer Pay users will be able to make payments where Visa is accepted. The prepaid solution will complement Razer Pays existing offerings, which include everyday necessities such as mobile upgrades, leading virtual credits and entertainment purchases for music and streaming services. Users will also enjoy a number of exciting benefits and benefits when using prepaid e-commerce card purchases and overseas purchases.

The integrated prepaid card solution will provide users with the same convenient add-on and payout methods available at Razer Pay, backed by an advanced privacy and security framework. Razer Pay has partnered with innovative partners to reinforce its existing offering by introducing rides, movie coupons and usage payments in streamlined mini-applications.

BRING FINANCIAL INCLUSION TO SYDEASTASIAS UNBANKED AND SUBJECT

Southeast Asia has a large unbanked and underserved population of over 438 million 1

. The partnership between Razer Fintech and Visa has the potential to expand microfinance services to this subordinate segment. Southeast Asia is also home to a massive youth and millennial population of over 213 million. 2

The collaboration between Razer Fintech and Visa intends to strengthen this segment of early adopters and introduce interactive and simple financial planning opportunities with a Razer-gamified twist. These capabilities will help improve the economic skill levels of the Southeast Asian population. Razer Fintech and the Visa Partnership will help meet the unmatched demands of this large market and provide innovative financial tools for youth and millennia to participate in the global cashless economy.

Razer Fintech and Visa expect to roll out these solutions gradually in selected countries across Southeast Asia in the coming months, before expanding globally.

ABOUT RAZER

Razer ™ is the world's leading lifestyle brand for players. The triple-headed Razer worm tag is one of the most recognized logos in the global gaming and esports communities. With a fan base spanning all continents, the company has designed and built the world's largest gamer-focused hardware, software and services ecosystem.

Razer's award-winning hardware includes high performance gaming peripherals, Blade gaming laptops and the renowned Razer Phone. Razer's software platform, with over 60 million users, includes Razer Synapse, a Razer Chroma (a proprietary RGB lighting technology system) and Razer Cortex (a gaming optimizer and launch program). In services, Razer Gold is one of the world's largest virtual credit services for players, and Razer Pay is the e-wallet designed for youth and millennia.

Founded in 2005, Razer has two headquarters in San Francisco and Singapore, and has 18 offices worldwide and recognized as the leading brand for players in the US, Europe and China. Razer is listed on the Hong Kong Stock Exchange (Stock Code: 1337).

ABOUT VISA INC.

Visa Inc. (NYSE: V) is the world leader in digital payment. Our mission is to connect the world through the most innovative, reliable and secure payment network, enabling individuals, businesses, and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages every second. The company's relentless focus on innovation is a catalyst for the rapid growth of online trading on any entity, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa uses our brand, products, people, network and scale to transform future trade. For more information, visit www.visa.com.sg.

Razer – For players. By players.

1 KPMG Fintech: Opens the door of unbanked and underbanked in Southeast Asia, opened at: https://home.kpmg/xx/en/home/insights/2016/04 / FINTECH-opening-the-door-to-the-unbanked-and-underbanked-in-south east-asia.html

2 ASEAN's first ASEAN youth development index 2017


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