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Nov. 27, 2018
Razer Inc. a maker of hardware, software and e-wallets for gamers, announced a partnership that will combine its Razer zGold virtual credit services and Nexon America, which will add a new payment channel to their game titles, according to a press release.
Razer zGold will enable payments for major gaming titles, including MapleStory 2, which is the new multi-player online role playing title from Nexon America, and has reached more than one million accounts since its Oct. 10 launch.
Razer executives said they will work with Nexon to create Razor-branded in-game items to encourage players to top up. Razer zSilver loyalty points can also be redeemed for discount vouchers, exclusive products and other items.
"Through our parternship with a world leading gaming company like Nexon America, we have further cemented Razer zGold's position as a choice partner for gaming and content companies," said Min-Liang Tan, Razer CEO and co-founder, in the release.
Topics: Gaming, In-App Payments, Mobile/Digital Wallet, Region: APAC
Companies: Nexon, Razer Inc.
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CountryUnited StatesAfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBoliviaBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBruneiBulgariaBurkina FasoBurundiCabo VerdeCambodiaCameroonCanadaCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo (the Democratic Republic of the)Cook IslandsCosta RicaCôte d'IvoireCroatiaCubaCuraçaoCyprusCzechiaDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands [Malvinas]Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald IslandsHoly SeeHondurasHong KongHungaryIcelandIndiaIndonesiaIranIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKuwaitKyrgyzstanLaosLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMacaoMacedoniaMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia (Federated States of)MoldovaMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorth KoreaNorthern Mariana IslandsNorwayOmanPakistanPalauPalestine, State ofPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarRéunionRomaniaRussiaRwandaSaint BarthélemySaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth KoreaSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyriaTaiwanTajikistanTanzaniaThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States Minor Outlying IslandsUnited States of AmericaUruguayUzbekistanVanuatuVenezuelaVietnamVirgin Islands (British)Virgin Islands (U.S.)Wallis and FutunaWestern SaharaYemenZambiaZimbabweBy clicking the button above, you agree to our Terms of Service and Privacy Policy and to allow your personal information to be shared with the sponsor of this content. Your information will NOT be shared with anyone else.
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Nov. 26, 2018
InstaRem, a Singapore-based, cross-border payment firm, said it raised $20 million in its round of Series C funding, led by MDI Ventures, the venture capital arm of Indonesia's Telkom, and Beacon Venture Capital, the venture capital arm of Thailand's Kasikornbank.
Existing investors Vertex Ventures, GSR Ventures Rocket Internet and SBI-FMO Fund also supported the round, which is part of the firm's $45 million round of fundraising scheduled for completion by January 2019, according to a company press release.
InstaRem said it plans to use the funds to grow its existing business and expand into Japan and Indonesia where the firm expects to obtain licenses by the end of 2018. The company also plans to add a new consumer and enterprise product in 2019.
"By providing the lowest exchange rates among competing services, InstaRem provides significant value to both local and foreign migrant workers looking to transfer funds to their home countries and to local businesses looking to conduct trade with international parties in the hope that they can boost international trade exports," Nicko Widjaja, chief executive of MDI Ventures, said in the release.
The round is scheduled to take the total amount of funds raised to $63 million, and the firm plans an IPO in 2021.
Topics: Financial News, Mobile Payments, Region: APAC
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Nov. 26, 2018
Worldpay Inc. and Paysafe Group are partnering to develop payments solutions in the booming online sports betting business in the U.S.
Worldpay, formed in January of this year after its acquisition by Vantiv Inc., and Paysafe plan to combine their respective technologies to offer secure payment solutions to the U.S. sports gaming market, according to a press release. The market is estimated to grow to $150 billion, making it potentially the largest sports betting market in the world.
"Through this partnership Worldpay and Paysafe will be able to champion the needs of U.S. iGaming operators and their players by providing a secure, cost-effective and highly configurable payments platform that delivers and unparalleled player experience," said Joel Leonoff, president and CEO of Paysafe Group, in the release.
As noted in a Nov. 20th blog post by Neil Erlick, executive vice president, business development, at Paysafe, the company has an existing relationship as the payments processor for fantasy sports firm DraftKings, which takes bets through a mobile app.
Topics: Gaming, Mobile Apps, Technology Providers, Transaction Processing
Companies: Worldpay, Inc., Paysafe Group
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