Razer Merchant Services (RMS), the fintech arm of gaming hardware company Razer, has recently obtained a Visa acquiring license in three ASEAN countries. This news was reported by Fintech Singapore, a leading online publication covering the fintech industry in Southeast Asia.
The three countries where RMS has obtained the license are Malaysia, Singapore, and the Philippines. This means that RMS can now process Visa transactions in these countries, which is a significant milestone for the company.
RMS was launched in 2017 with the aim of providing payment solutions to businesses in the gaming industry. The company has since expanded its services to other industries, including e-commerce, retail, and hospitality.
Obtaining a Visa acquiring license is a crucial step for any payment service provider as it allows them to process Visa transactions directly. This means that RMS can now offer its customers a more seamless payment experience and faster settlement times.
In addition to Visa, RMS also supports other major payment methods such as Mastercard, American Express, and Alipay. The company’s payment gateway is designed to be user-friendly and customizable, allowing businesses to tailor their payment solutions to their specific needs.
RMS has been expanding rapidly in recent years, with a presence in over 40 countries worldwide. The company’s focus on the gaming industry has also helped it to stand out in a crowded market, as it offers specialized solutions such as virtual credits and in-game purchases.
The ASEAN region is a key market for RMS, as it is home to a large and growing population of gamers and e-commerce shoppers. With the Visa acquiring license, RMS is well-positioned to capitalize on this opportunity and continue its growth trajectory.
Overall, the news of RMS obtaining a Visa acquiring license in three ASEAN countries is a positive development for the company and the fintech industry as a whole. It demonstrates the growing importance of payment solutions in the digital economy and highlights the potential for fintech companies to drive innovation and growth in the region.
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- Source: Plato Data Intelligence.