Entrepreneur

The Latest Entry In M'sia's Crowded E-Wallet Scene: Razer Pay

We’ve seen our fair share of e-wallets in the recent days, and Malaysians now have yet another choice on our hands.

Razer Pay, announced last year in Singapore, is now available to Malaysians.

Touted as specially designed for youth and millennials, “Users can top up easily, transfer money quickly, and pay everywhere,” according to a press release.

Key Features

Topping Up

At the moment, topping up is not possible via credit card; users can visit any 7-Eleven store in Malaysia at any time to buy a Razer Pay top-up PIN. Users can also use their online banking account to add funds. Participating banks include AmBank, Bank Islam, CIMB, Hong Leong Bank, Maybank, Public Bank and RHB Bank.

Left: Top-up your Razer Pay wallet at 7-Eleven or via online banking. / Right: You can even donate to Tabung Harapan using Razer Pay.

Transfer funds to friends and family

Peer-to-peer cash transfers is possible. You can also transfer money from the Razer Pay e-wallet to bank accounts.

Do Online Transactions

Razer Pay allows you to pay for your iflix subscription and even buy PlayStation credits.

Pin codes for services such as zGold MOLPoints, Steam Wallet, Garena, Sony PlayStation, Spotify, iflix, Astro NJOI and more can be purchased on Razer Pay.

Prepaid mobile customers can also choose to top up their accounts with Razer Pay if they have an account with uMobile, Digi, Maxis, Celcom and more.

Pay At Participating Vendors

According to the press release, over 6,000 major retail and F&B outlets will accept Razer Pay. Some of the vendors listed include 7-Eleven, Starbucks, Singer, Cosway, Greyhound Café, Wendy’s, Kenny Rogers, Krispy Kreme, 99 Speedmart, Tealive, Thundermatch, Sweet Hut and more.

Razer Pay also has plans to grow its merchant network to cover F&B, healthcare, travel and other lifestyle services in Malaysia.

Contribute to Tabung Harapan Malaysia.

As one of Razer Pay’s partners, Berjaya Corporation Berhad has pledged to donate up to RM5 million to the Tabung Harapan.

From July 4 to Aug 30, 2018, Berjaya has committed to donating RM10 with each first use of the Razer Pay wallet at participating Berjaya outlets.

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In conjunction with its Malaysian launch, every new user in Malaysia will receive RM10 bonus credits when they sign up in the Razer Pay app from July 4 to 30 September 2018. After signing up with a valid local mobile number, users will receive those credits.

Do note that the credit is non-transferable, cannot be exchanged for cash and will expire after 90 days
from account activation.

Global Expansion In Mind

Razer Pay will roll out in other Southeast Asian countries in the coming months. With a focus on interoperability between countries, Razer Pay users can look forward to a seamless payment experience when they visit other cities for work or play.

Co-Founder and CEO of Razer Min-Liang Tan said: “Razer Pay is going to make cashless payments easier than ever. We’re excited to launch Razer Pay first in Malaysia as part of our global rollout, and our partnership with the Berjaya Group will make it convenient for everyone to join the cashless revolution today.”

Founder of the Berjaya Group Tan Sri Dato’ Seri Vincent Tan said: “We have created this partnership as we see great synergy between our businesses and Razer Pay. Our existing retail ecosystem within the Berjaya Group offers a great platform and testbed for mobile payment innovation.”

 

 

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