“Governments across the world are highly focused on ensuring that financial needs of the unbanked and underserved segments are front and center of their policies going forward.”© 2020 Tech Wire Asia | All Rights Reserved“The adoption of cashless payments by consumers during the pandemic has also picked up significantly and we believe this trend will continue.
00800-25233758 Monday - Friday 09-18 CET Europe Office. But a log-in is still required for our PDFs.Razer is now seeking interested users and merchants for Razer Pay in Singapore, and hiring for the Razer Pay team.In the meantime, Razer has made a few moves in the area of cashlessness, including acquiring South-east Asia-focused e-payment network MOL for US$100 million (S$137 million), partnering Singtel to create a regional e-payment network, and working with UOB to pioneer a non-bank, e-wallet app to offer both transfers and cash-outs through FAST, Mr Tan said.Mr Tan noted that while Singapore had, in the last year, introduced various e-payment initiatives, including SG QR and PayNow Corporate, the country has "hardly become a cashless economy".FAST, which stands for fast and secure transfers, is an electronic funds transfer service that enables customers of participating banks to transfer Singapore dollars from one bank to another in the Republic almost instantly.In the event that there was no viable third-party e-payment provider, Razer would launch Razer Pay, which will be funded and run by Razer, with a view to issue one million wallets in Singapore by April 2019, Razer had added in its proposal. The firm invited local youths from varied backgrounds to contribute ideas and build digital finance solutions on Razer’s open virtual banking platform, using a combination of existing payment application programming interfaces (APIs) from the likes of Visa and Mambu, as well as their own ingenuity.One such solution was by a team from Singapore Management University (SMU) that emerged was a tool to help consumers deal with ‘subscription fatigue’ by helping users track and manage what subscriptions they are paying for, and choose how they would like to pay via integration with Razer Pay.“Efforts also need to be put in to promote financial education and inclusiveness from an early age so that the youths are more prepared when they venture out in their careers or startup journeys,” he continued.
Source: RazerIn Singapore, Razer Fintech took a novel approach toward developing digital banking solutions by hosting a 48-hour hackathon. Razer Singapore is a service center of a wide collection of products including desktops, mobiles, mice, consoles, game consoles, keyboards, Xbox, and many more. Sign up for amazingly cool & exclusive Razor deals, news, and sales. Responsive & Effective Support. We live by our motto: For Gamers. “This age group is also now already a majority of the workforce globally and are our future consumers. TECHNOFIED VISION was very responsive, and recommendations were appropriate.
Razer is best known in Asia Pacific as the maker of gaming devices, but the company is also one of the largest offline-to-online (O2O) payment service providers in the region, providing merchant clients with a range of secure payment systems to receive funds in Singapore and Malaysia, including its Razer Pay e-wallet.
He still holds out hope to either see the first man on Mars, or Jetson’s-style flying cars in his lifetime.Razer Fintech’s CEO, Li-Meng Lee.
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