EXTENSIVE PAYMENT METHODS MADE AVAILABLE WITH RAZER MERCHANT SERVICES
Dear Valued Merchants and Partners,
As Razer Merchant Services continues growing together with our merchants and partners, we want to amplify your business' sales by offering extensive payment methods through our seamless sales-boosting platform. These include card payments, internet banking, e-wallets, Buy Now Pay Later, cash-over-counter services, mobile airtime, game pins, e-wallet credit top-ups, gift card activations, telco & utility bill payments.
In RMS' August newsletter, you will find newly added features that will boost your business' share in the digital economy and increase your sales conversions. Click on our Online and Offline Channels tables table at the bottom on this email to find services we offer in your desired country. You may reach out to your account manager or visit our website at https://merchant.razer.com for more information.
RAZER MERCHANT SERVICES RECOGNIZED AS BEST NON-BANK FPX ACQUIRER
Razer Merchant Services has been recognized as the Best Non-Bank FPX Acquirer at Malaysian e-Payments Excellence Award 2021 organized by Payments Network Malaysia (PayNet). RMS has been conferred this award for our role and contribution to the growth of FPX in Malaysia, including volume generation, volume growth and the number of merchants acquired during 2020.
Do you want to expand your business in Thailand? Wherever your business is based, you can look to expand your offerings with RMS by providing your Thai customers a quick, convenient, and secure payment method with PromptPay QR. Your customers in Thailand can make payments by scanning or uploading a QR from their mobile phone and you get your settlement in your local currency or US Dollars. Contact your account manager and enable the PromptPay QR payment method now.
EXPAND YOUR CUSTOMER BASE WITH GOOGLE PLAY CODES
Are you looking to expand your customer base? Google Play is present in over 1 Million Android apps and games, and now, you can offer Google Play codes in your stores. Android users can currently purchase their Google Play codes on the Shopee mobile app platform powered by Razer Merchant Services. Offer Google Play Codes, and other top up reloads services to your customers by emailing us at bd-offline-my@razer.com.
EXTEND ADDITIONAL SERVICES TO YOUR RETAIL CUSTOMERS
Do you want more people to come in and browse around your store? Razer Merchant Services enables value added services for retail businesses such as telco/e-wallets reloads, utility bill payments, international airtime, game pins, and productivity tools, which helps to boost in-store foot traffic. RMS has enabled these services recently for offline partners such as SM Grocery and iMalaysian.com's customers, to name a few. Reach out to us at bd-offline-my@razer.com and start offering these additional services to your business.
RAZER MERCHANT SERVICES CO-HOSTS CAMPAIGNS TO HELP RETAILERS BOOST SALES
Would you like to amplify your sales by co-hosting promotions with RMS? Razer Merchant Services has co-hosted "#RiaMerdeka Lucky Draw" and "Menang Kaw-Kaw! Top Up & Pay Bills Lucky Draw" campaigns with 7-Eleven, TMG Mart, 24 Xpress, Mercearia, and PERNAMA stores nationwide. Explore more opportunities through running promotions by getting in touch with your account manager.
COMPANY NEWS
Razer Inc reported a record-high revenue of US$752.0 million with 68.0% year-on-year growth in 1H 2021. The revenue contribution by the Services segment, comprising of Razer Gold & Razer Fintech grew to US$72.8 million in the first 6 months of 2021.
Razer Fintech, the financial technology arm of Razer, saw Total Payment Volume (TPV) processed through our system grow to over US$ 3.2 billion, representing an increase of 79.5% year-on-year.
Over 95% of Razer Fintech's TPV was driven by Razer Merchant Services (“RMS”), the Group’s B2B payment processing business. This growth has been driven by increased e-commerce marketplace purchases, food deliveries and e-wallet top-ups by our merchants. This is also off the back of an 88.6% year-on-year growth in our merchant acquisition efforts, bringing the total number of merchants on our platform to over 60,000 merchants across Southeast Asia. The growth in our merchant base is driven by the retail sector, F&B industries, and professional & commercial services.
Razer Fintech has continued strengthening our core infrastructure through expanding our business footprint and securing additional licenses across Southeast Asia. We look to continue scaling up our business through investments and M&As in the region, while strengthening our market share in countries we currently operate in.
UOB Kay Hian Research has initiated coverage on Malaysia’s e-payment industry which is poised to deliver net profit compound annual growth rate (CAGR) of 37% for 2021-2023 as consumer adoption continues to be accelerated by the COVID-19 pandemic and government support for cashless payment.
The research house expects the number of electronic data capture terminals to grow 15% in 2020-2022 while the e-commerce industry is expected to grow 21% for 2020-2025.
Currently, Malaysia boasts the highest use of mobile and digital wallets in Southeast Asia. According to the Mastercard Impact Study 2020, Malaysia led its neighbors in Southeast Asia with usage that stood at 40%.
In 2020, Malaysia’s gross merchandise value (GMV) grew 120% year on year with a total of 489,000 micro-SMEs having adopted e-commerce and 378,000 SMEs having been trained to utilize e-commerce platforms. Between 2018 and 2020, the value of mobile banking and e-money transactions grew at a CAGR of 114% and 64%.
