Gaming company Razer submits plans for e-payments system

Gaming accessories company Razer has submitted a proposal to the Singapore Prime Minister Office, stating its plans to create an e-payments system.

Razer CEO Min Liang Tan pitched his idea to Singapore prime minister Lee Hsien Loong via Twitter. He pledged to roll out an e-payment system within the next 18 months.

The company says it will commit S$10m ($7.34m) towards its RazerPay e-payment initiative and has set a target of 1 million e-wallet signups by May 2019.

Razer also wants to set up an e-payment advisory board, consisting experts from related fields such as baking, payment, technology and legal fields.

The Singapore government has a vision of a cashless society and the board is believed to help them fulfill this ambition. It will also provide feedback on the Razer Pay initiative.

Copyright FinTech Global 2017

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