UOB teams up with Razer to launch Razer Pay

The scheme will allow users to top up through eNets and to transfer funds via FAST.

UOB and Razer will launch Razer Pay Singapore as an e-wallet for youth and millennials in the next few months, an announcement revealed. The scheme will enable users to top up their e-wallet using eNETs debit or credit service, or by transferring funds via FAST (Fast and Secure Transfers) directly to Razer, allowing them to pay online and at point-of-sale terminals.

The partnership will tap on the use of PayNow Corporate to allow digital payments for both merchants and e-wallet users through using their business’ unique entity number or the user’s mobile phone number, respectively.

UOB will also aid Razer’s cross-border foreign exchange (FX) transactions through the bank’s digital FX solution that will let Razer access wholesale FX rates when making payments to its global network of merchants.

Also read: Singtel takes a dip into eSports with Razer and other partners

“More broadly, with the bank’s regional connectivity across ASEAN and scalable payment platforms we look forward to the next step of the journey – supporting Razer Pay beyond local shores,” UOB managing director and head of group transaction banking So Lay Hua said.

Razer Pay initially launched in Malaysia on 4 July 2018 where it has received more than 500,000 sign-ups in less than a week.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia