Razer Merchant Services sets new transaction record in 11.11 and 12.12 sale events
- The highest number of transactions were captured during the first and last hours of the sales
- Razer Cash at 7-Eleven saw over 40,000 transactions per day during the event.
In the light of the biggest online sale event on 11.11 and 12.12, Razer Merchant Services, a Southeast Asian payment gateway recorded more than a sevenfold growth in its transaction volume. The sale event has preceded the past record with high processed transactions during this period.
In conjunction to the event, Razer Merchant Services reported that the highest number of transactions were captured during the first and last hours of the sales. One of the transaction channels, Razer Cash at 7-Eleven, had also shown a massive growth with more than 40,000 transactions per day during the event.
“This is a strong sign that online shopping nowadays are common among Malaysians and online payment is getting more secure. Seeing this surge, we have high anticipation to cater a wider market for next year’s sales events together with more onboarding merchants around Malaysia, Taiwan and Southeast Asia.” said Razer Merchant Services CEO, Eng Sheng Guan.
“As this was the most awaited event by our e-commerce partners and shoppers, our team was on 72-hours standby to ensure that the sales ended successfully with no disappointing issues arise.”
Razer Merchant Services is known for serving a number of local e-commerce platforms, including Lazada, 11street, Hermo, Fashionvalet, Traveloka and more.
This year’s online sales event has marked an important milestone for e-commerce in Malaysia as it broke a record with having billion number of shoppers in a day.
Among the factors that pushed this milestone were due to the active promotion of the e-commerce merchants as well as the efficiency and improved performance of the payment system.
Razer Merchant Services has been accepting credit/debit card payment, domestic internet banking with more than 100 banks in Southeast Asia and online-to-offline payment at 7-Eleven known as Razer Cash.
Repost from: Digital News Asia.