fbpx

Razer Is Recruiting Engineers And Payment Experts To Launch RazerPay In S’pore By April 2019

The last we heard about RazerPay about a year ago, Razer CEO Min-Liang Tan said that he is investing $10 million for this e-payment initiative.

He had submitted a proposal to PM Lee Hsien Loong in September 2017, in which Razer committed to provide ongoing advisory and development support for a Common E-Payment Framework (CEF).

It also outlined its intentions to spearhead support for an e-payment solution for Singapore by any third-party e-payment provider that is already gaining traction.

But as there is no viable third-party e-payment provider, Min-Liang has reconfirmed that he will launch RazerPay by April 2019, with a million e-wallet registrations.

In lieu of this, he said that he is looking to form a team of the “best payment engineers and experts in Singapore.”

On its website, some of the available roles to support this e-payment initiative include business unit lead, engineering lead, engineers, merchant acquirer lead, payment services leads, and regulatory/legal lead.

Advancing Singapore To Be A Cashless Society

Ultimately, he wants to help “advance Singapore to a cashless society”.

“We envisage Singaporeans being able to travel to various countries with SEA and use their e-wallets seamlessly. Imagine not just a cashless Singapore, but a cashless world for Singaporeans.”

In line with this goal, it has acquired MOL, the largest e-payment network in Southeast Asia, for US$100 million.

It also recently announced its partnership with Singtel to form a pan-SEA e-payments network.

Another of its partnership with UOB will focus on innovating cashless payments in Singapore.

The two entities are working on becoming a pioneering non-bank and e-wallet app to offer both transfer and cash-out through FAST.

One Of The Largest E-Payment Wallets In Malaysia

RazerPay in Malaysia / Image Credit: Razer

But ahead of Singapore, RazerPay was made available to Malaysians last July, with over 6,000 acceptance points at major retail and F&B outlets.

It was touted as a cloud-based e-wallet solution catered to the youth and millennials, and with it, users can “top up easily, transfer money quickly, and pay everywhere,” according to the company’s media statement.

This e-wallet can take on different forms, from a Stored Value Facilities (SVF) card, to a mobile wallet application, a chip and more.

According to Min-Liang, RazerPay in Malaysia saw over 600,000 sign-ups in just 8 days, powering over 300,000 cashless transactions within that same period.

This makes it one of the largest, if not the largest, e-payment wallet in Malaysia.

Featured Image Credit: Reuters 

Also Read: Not Just Building Castles In The Air – S’pore’s Only Sand Sculptor Earns Up To $20K Per Project

Subscribe to our newsletter

Stay updated with Vulcan Post weekly curated news and updates.

MORE FROM VULCAN POST

Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)

International

Edition

Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)

Singapore

Edition

Malaysia

Edition