Razer Fintech, the financial technology arm of Razer, has partnered with Visa to launch an all-new Razer Card, which is the first-ever prepaid card under the Razer brand.
All Razer cardholders will enjoy year-long cashback features for online and physical purchases.
Users can receive 1 per cent for purchases made across categories, or up to 5 per cent on RazerStore and Gold purchases. There is no minimum spend and no capped limit for cashback.
There is also a gamified rewards system on the Razer Pay app. Unlike traditional cards’ loyalty programmes, users go through a personalised experience to track, score and redeem rewards based on tasks and everyday transactions.
With the Razer Card, users can make payments at over 61 million merchant locations globally where Visa is accepted.
With its contactless payment technology, Razer cardholders can simply “tap to pay for day-to-day activities such as taking public transportation on buses and trains, buying movie tickets at the cinemas, and purchasing a meal at quick-service restaurants,” said Kunal Chatterjee, Visa Country Manager for Singapore and Brunei.
This integrated prepaid payment solution is aligned to Razer Fintech’s ambition to establish the world’s first global youth bank — one it has outlined in its digital bank application with the Monetary Authority of Singapore (MAS).
“Right from the start, we have been very excited about our collaboration with Visa to transform the digital payments experience globally. Over the last year, since our initial announcement, a lot of time and effort has gone into developing and perfecting this product, that is truly going to value-add significantly to the lifestyle of our users,” said Lee Li Meng, CEO of Razer Fintech.
“With this Razer Card, we have co-developed a unique prepaid solution that further cements our position as the largest offline-to-online digital payment network in the region. This collaboration opens up many opportunities for us to reach out and meet the needs of consumers, particularly the youth and millennials.”
How To Apply
Users can sign up for a free virtual card via Razer Pay, and easily activate and access card information and controls in-app.
Users also have the option to upgrade to a Standard or Premium numberless physical card. The Premium card in particular, is the world’s first card that lights up on payment.
Prior to the official launch, Razer Card will be made available to 1,337 selected users from now till 31 December via an exclusive beta testing program.
This provides selected users an opportunity to experience the virtual beta and physical card first-hand and play a part in the product enhancement process by providing user feedback before the card’s public release.
To incentivise active testing, beta testers will enjoy increased 10 per cent cashback on RazerStore and Razer Gold purchases, and a slew of gamified Card Beta rewards where testers complete tasks, level up and stand to redeem up to S$2,000 worth of Razer gear and free card upgrades.
This exclusive three-month beta testing opportunity is the first time a new Razer solution is being conducted in the Singapore market.
For more information on the Razer Card and to sign up, visit their website here.
Featured Image Credit: Razer Fintech