Singtel and Razer join forces on e-payments
Singtel and gaming hardware manufacturer Razer have inked a memorandum of understanding (MoU) to cooperate in the e-payments space.
Subject to regulatory nod, the two firms intend to enable the interoperability of their e-payment systems to build an integrated regional network.
The interoperability of the systems would enable the two companies to gain access to each other’s merchant network and customers.
In the case of Singtel and its associates, the shared platform will offer access to Razer’s e-payment merchant network of over a million payment points, the zGold virtual credit system, and its gamer-related digital services with over 40 million users.
On the other hand, Razer will gain access to Singtel’s more than a million merchant points across Asia, and its mobile client base of over 680.
The two companies also plan to collaborate in developing gaming-related telecommunications and digital media services including broadband plans, mobile services as well as esports content.
Singtel International Group CEO Arthur Lang said: “Our collaboration with Razer, which shares our vision on e-payments and esports, will help advance our goal to empower customers to spend seamlessly across borders and experience the thrill of esports. We look forward to working with gaming partners and supporting community initiatives to grow esports in the region.”
Razer co-founder and CEO Min-Liang Tan added: “This is our opportunity to lead and accelerate the growth of esports and e-payments in a unified push across the region.”
The latest move comes shortly after Razer’s acquisition of Malaysian e-payments firm MOL Global, and Singtel’s announcement of plans to connect its Dash mobile wallet with that of its affiliates across Asia.