Author: Sujin Thomas
Gaming technology company Razer and telecommunications company Singtel wish to create certainly one of the biggest interconnected electronic payment networks in Southeast Asia, enabling interoperability of their systems, subject to regulatory approvals.
This daring step has been enshrined in a Memorandum of Understanding (MoU) aimed toward fostering strategic cooperation within the areas of electronic payments, e-sports, digital gaming media and telecommunications services across the region.
Through this initiative, Singtel’s mobile wallet users and its regional associates will have the opportunity to seamlessly access Razer’s e-payments merchant network of over a million payment points, the zGold virtual credit system, and Razer’s full suite of gaming digital services.
The statement said the latter has over 40 million registered users.
At the identical time, Razer will deepen its penetration within the region by adding over 1 million Singtel Group shops in Asia to its network, in addition to getting access to the Group’s over 680 million mobile customers.
The Singtel Group includes its wholly owned subsidiary Optus and regional affiliates Airtel, AIS, Globe and Telkomsel.
The two corporations also plan to jointly host e-sports activities similar to regional invitational events and cultivate e-sports talents from Southeast Asia.
Additionally, the businesses need to develop telecommunications and gaming digital media services and products, similar to broadband plans, mobile services and e-sports content for patrons.
Singtel International Group CEO Arthur Lang said: “As a connectivity group, we’re committed to creating an ecosystem of digital services for our customers.”
“Digital services, from mobile payments to entertainment, have become a big part of their lives, especially among millennials.”
Razer founder and CEO Tan Min-Liang said: “This is our opportunity to lead and accelerate the growth of esports and e-payments with a unified effort across the region.”
The Singtel Group and Razer began collaborating on exclusive gaming initiatives last yr.
For example, Singtel was the primary telco to launch the Razer Phone in Asia in December 2017, and Razer also supports Singtel’s social gaming events across Singapore.
