Visa, Razer to partner on prepaid payment integration in Southeast Asia

June 24, 2019

Visa Inc. entered an agreement with Razer to create a partnership between the gaming firm's financial technology arm, called Razer Fintech, with Visa's fintech fast track program, to create a prepaid service that will be embedded in Razer's e-wallet, according to a press release.

The service will allow up to 60 million Razer users to be able to make payments in any location where Visa is accepted, which includes 54 million merchants around the world.

"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,"  Chris Clark, regional president, Asia-Pacific at Visa, said in the press release. "This announcement reaffirms Visa's commitment to the fast growing and digitally savvy Southeast Asia region."

Clark said such a program could transform the gaming sector and also many of the region's underbanked and underserved populations.

The companies said they plan to progressively roll out the services in selected countries in Southeast Asia in the coming months before expanding globally.

Topics: Card Brands, In-App Payments, Mobile Payments, Region: APAC

Companies: Visa, Razer Inc.

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