Razer and Visa are partnering to to integrate a Visa prepaid solution into the Razer Pay e-wallet to enable users to make payments at 54 million merchant locations on Visa’s global network.
The partnership will see Razer’s financial technology arm, Razer Fintech, join Visa’s fintech fast-track program, which is designed to make it easier for fintechs to access the global Visa payments network. Razer Fintech and Visa will develop a virtual Visa prepaid solution to be embedded in the Razer Pay e-wallet, that will allow up to 60 million Razer users to make payments wherever Visa is accepted at 54 million merchant locations worldwide.
Razer Fintech and Visa look to roll out an exclusive Razer-branded Visa prepaid payment solution integrated into Razer Pay via a mini-app. By leveraging Visa’s global network, Razer Pay users will be able to make payments wherever Visa is accepted. The prepaid solution will complement Razer Pay’s existing offerings, which include everyday essentials such as mobile top-ups, virtual credits, and entertainment purchases for music and streaming services. Users will be also offered benefits and rewards when using their prepaid cards for ecommerce transactions and when they make purchases overseas.
Razer Pay has collaborated with partners to amplify its existing offerings by introducing ride-hailing, movie ticketing, and utility payments in streamlined mini-applications.
The partnership between Razer Fintech and Visa has the potential to extend micro-financial services to Southeast Asia, which is home to a massive youth and millennial population of over 213 million.
Razer Fintech and Visa anticipate rolling out these solutions progressively in selected countries across Southeast Asia in the coming months, before expanding globally.