Razer Pay enters beta in Singapore

Fancy another e-wallet in your life? Razer Pay is entering a limited beta phase in Singapore and they’ve put out an open call for testers.

Interested users may head over to the sign-up page, login with their free Razer ID, and ensure that a local mobile number is pegged to their profile. If all other requisites are met, applicants will receive “a unique access code via text message in the next few days.”

The app itself is now available for download on the App Store and Google Play, although Malaysian users – where Razer Pay is already live – have been expressing their frustrations.

How exactly the Singapore beta will proceed and for how long remains unclear. The company states that testers “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.”

At this stage, it sounds an awful lot like in-app promotions for digital goods, and less so cashless point-of-sale transactions one normally associates with an e-wallet.

However, Razer did announce a partnership with the NETS Group in Nov 2018, aimed to “enable Razer Pay acceptance on NETS unified POS terminal.” The whole thing is expected to kick into gear by the Q1 2019 launch.

Then we have today. Razer announced a separate partnership with mobile payment aggregator FOMO Pay to bring Razer Pay acceptance to more than 4,000 merchants in Singapore. FOMO Pay is a one-stop QR code payment solutions provider  that wrangles all the e-wallet options in the country, and they have been recognized at the MAS (Monetary Authority of Singapore) FinTech Awards in 2017.

So, the in-store side of things looks to be in capable hands, and the beta is likely just Razer sorting out their user experience and backend systems. With a regional HQ in Singapore on the way and their fintech hub now open in Malaysia, it looks like Razer has grander, actionable ambitions in this space than their recently shuffled mobile division.

Now imagine a future where you Razer Pay for a soda and all your Razer Chroma apparel lights up.