Singtel, Razer aim to create mega e-payment network
This article is contributed by Irene Tham and a version of it first appeared in The Straits Times, an SPH publication, on May 3, 2018.
Telco Singtel and gaming product firm Razer are coming together in an e-payment tie-up that aims to connect as many 50 million users – which could make it the largest in South-east Asia.
The two companies signed a memorandum of understanding (MOU) yesterday to link their respective e-payment systems to create an interoperable network that will allow credits from one system to be accepted in another – potentially letting users pay with any supported e-wallet at more than one million retail payment points in the region.
“Think of it as the Star Alliance of e-wallets,” said Mr Arthur Lang, chief executive of Singtel’s International Group, in reference to the airline alliance of which Singapore Airlines is a member.
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