Razer Pay will soon work with all Visa merchants worldwide
Razer Pay has just scored a huge credibility boost. Users can soon use the e-wallet wherever Visa is accepted, expanding the app’s acceptance to 54 million merchant locations worldwide.
Forged between Razer Fintech and Visa, the partnership will see an “exclusive Razer-branded Visa prepaid payment solution integrated into Razer Pay via a mini-app.”
The mini-app will offer the same top-up and cash-out methods that are already available on Razer Pay. As of writing, these top-up methods are eNets debit and debit cards (minimum of $10). Bank cash-outs are currently free, although the app implies these will eventually cost $2 per withdrawal.
“We are pleased to partner with such a forward-looking and innovative company that understands the value and importance of expanding access to digital payments. This announcement reaffirms Visa’s commitment to the fast-growing and digitally savvy Southeast Asia region. 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,” said Visa’s regional president for Asia Pacific, Chris Clark.
Other mini-apps currently available on Razer Pay include Ryde, Cathay Cineplexes and Spotify, as well as mobile top-up services and virtual credits for games – including the digital stores for Steam, PlayStation and Xbox.
Razer Pay is only available in Singapore (closed beta) and Malaysia for now, although users are still locked to their registered countries. Visa fixes that, so Razer are likely anchoring the app’s expansion to their new digital payments partner. Ultimately, they plan to expand across Southeast Asia in the coming months before taking on the rest of the world.
Along with the services comes some amount of education, too. The collaboration hopes to enhance the financial literacy of youths and millennials through gamified planning tools.
Maybe they’ll include a lesson or two about managing microtransactions, eh?
Top image – Razer and Visa partner to transform payments in Southeast Asia. From left: Razer’s Limeng Lee (chief strategy officer) and Min-Liang Tan (co-founder and CEO), joined by Visa’s Chris Clark (regional president, Asia Pacific) and Cietan Kitney (head of Asia Pacific solutions).