Razer Fintech and Visa unveiled new prepaid card for millennials in Singapore

Razer has collaborated with Visa to launch a prepaid card for millennials in Singapore. Razer Card offers a gamified rewards system.

Razer Fintech, the financial technology arm of leading global lifestyle brand for gamers, Razer Inc. has collaborated with Visa, the world's leader in digital payments, to unveil a brand-new Visa prepaid solution – the Razer Card. Users can sign up and use the virtual card at no subscription, with the option to upgrade to a Standard or Premium physical card. All card users will enjoy year-long cashback features with no capped limit, a gamified rewards system in-app, and can make payments at over 61 million merchant locations globally where Visa is accepted.

This integrated prepaid payment solution is aligned to Razer Fintech's ambition to establish the world’s first global youth bank — one it has outlined in its application for the MAS (Monetary Authority of Singapore) Digital Full Bank License in Singapore.

Lee Li Meng, Chief Executive Officer, Razer Fintech:

Right from the start, we have been very excited about our collaboration with Visa to transform the digital payments experience globally. Over the last year, since our initial announcement, a lot of time and effort has gone into developing and perfecting this product, that is truly going to value-add significantly to the lifestyle of our users. With this Razer Card, we have co-developed a unique prepaid solution that further cements our position as the largest offline-to-online digital payment network in the region. This collaboration opens up many opportunities for us to reach out and meet the needs of consumers, particularly the youth and millennials.

Bad news for gamers and who interested in this card; Razer Card currently just available for Singapore. Beta testing open for 1337 users to experience the Razer Card and get exclusive rewards. Razer Card users also can access a unique gamified rewards experience via in-app system.

Razer Premium Virtual Card

Prior to the official launch, the first-ever prepaid card under the Razer brand will be made available to 1337 selected users from now till 31 December 2020, via an exclusive beta testing program. This provides selected users an opportunity to experience the virtual beta and physical card first-hand and play a part in the product enhancement process by providing user feedback before the card’s public release.

To incentivise active testing, beta testers will enjoy increased 10 percent cashback on RazerStore and Razer Gold purchases, and a slew of gamified Card Beta rewards where testers complete tasks, level up and stand to redeem up to S$2,000 worth of Razer gear and free card upgrades. This exclusive three-month beta testing opportunity is the first time a new Razer solution is being conducted in the Singapore market. As a gamer, I wish were to be part of this beta program and I am pretty sure this program will not be limited with millenials also many adults will be interested in Razer Card.

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