Razer’s New South East Asia HQ and Fintech Gameplanby Fintechnews Singapore December 27, 2018
Razer, a lifestyle brand for gamers with a recent foray into fintech, announced its plan for a long-term lease of a new location for its Southeast Asia headquarters based in the technology and media hub of Singapore. The company anticipates moving into the new facility in 2020.
Razer has been on a strong growth trajectory and delivered a stellar year-on-year growth of 39% in revenues and 46% in gross profit in the first half of 2018.
Leading its charge into fintech is its mobile wallet Razer Pay which was launched in Malaysia in July 2018 and slated to launch in Singapore by 2019. Its foray into Malaysia was received with warm reception as the company receives over 300,000 downloads in its first 48 hours.
Its positioning in Malaysia is further strengthened by Razer’s acquisition of MOLPay which some have attributed to the wallet be rolled out across retail outlets like 7-Eleven and Starbucks.
Prior to Razer’s acquisition of the Malaysian payment company, MOLPay was previously owned by the Berjaya Group which is the master franchisor of both 7-Eleven and operator of Starbucks in Malaysia
On its home ground front, RazerPay is reported to be available on NETS terminals very soon. Gearing up for its anticipated e-wallet launch, RazerPay has also been sealing partnerships with the likes of Singtel and UOB.
Commenting on the new headquarters Min-Liang Tan, Razer co-founder and CEO said:
“We are excited to announce our new home for Razer employees and the community in the region. The move also represents our support for the Singaporean government in its efforts of developing the top location for technological innovation and attracting a strong technology talent pool.
..The new headquarters will cover an estimated gross floor area of approximately 19,300 square meters in a seven-story building, featuring the Company’s signature design elements designed by Razer designers and external architects.