The Singtel Group has signed a partnership with gaming tech company Razer to create the largest e-payments network in Southeast Asia.
Both companies plan to enable the interoperability of their respective e-payments systems to create a seamlessly integrated regional network.
In March, the Singtel Group announced plans to connect the mobile wallets of Singtel and its associates through an interoperable platform, which will link over 50 million registered wallet users with more than 1 million merchant points across Asia.
This interoperable platform can also connect with other third-party payment apps offered by telco and non-telco companies, providing ready access to the Group’s customer and merchant bases.
Last month, Razer announced its intention to acquire MOL Global, which operates one of the largest e-payment networks in South-East Asia. The latter’s online payment gateway is used by major companies such as Lazada, Grab and UNIQLO, and offers more than 1 million offline payment points across the region. MOL Global handled over US$1.1 billion of digital payments in 2017.
The interoperability of both networks will create one of the largest connected e-payment networks in Southeast Asia. Mobile wallet users of Singtel and its regional associates will be able to seamlessly access Razer’s e-payment merchant network of over a million payment points, the zGold virtual credit system, and Razer’s full suite of gamer-related digital services, which has more than 40 million registered users.
Arthur Lang, CEO of Singtel's International Group
As a Group devoted to connectivity, we are making a big push to create an ecosystem of digital services for our customers. Digital services from mobile payments to entertainment have become a big part of their lives, especially the millennials.
Min-Liang Tan, Co-founder and CEO, Razer
We are incredibly excited about the many opportunities Razer and Singtel can tap together to benefit millions of gamers and consumers in Southeast Asia. This is our opportunity to lead and accelerate the growth of esports and e-payments in a unified push across the region.
