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Razer Fintech to offer BNPL services 17 December 2020
Source: Razer Fintech Razer Fintech, the fintech arm of Razer and Rely, the Singapore-based Buy Now Pay Later (BNPL) service provider, have jointly announced their partnership to offer BNPL services in Southeast Asia to merchants registered under Razer Merchant Services (RMS), its B2B (business-to-business) solution. RMS, with a stronghold in Southeast Asia, encompasses powering online payments as a card processing gateway supporting global scheme cards and over 110 payment methods for global blue-chip merchants; and the region’s largest offline payment network of over one million physical acceptance points.
Razer Fintech, Rely to enable Buy Now Pay Later in Southeast Asia
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Razer Fintech partners Rely to offer buy-now-pay-later services in South-east Asia
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Razer Fintech has partnered with Rely, a Singapore-based Buy Now Pay Later (BNPL) service provider, to offer BNPL services in South East Asia to merchants registered under Razer Merchant Services (RMS), its B2B solution. Through this partnership, RMS’ merchants will now be able to provide interest-free BNPL solution for its customers.
RMS powers online payments as a card processing gateway supporting global scheme cards and over 110 payment methods for global blue-chip merchants with over one million physical acceptance points.
This strategic partnership follows a recent announcement by Rely to expand its services in Singapore, Malaysia and South Korea after securing capital from Goldbell Financial Services to process up to S$100 million in BNPL transactions.
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Majority of ASEAN Region Fintech Firms are Planning to Raise Additional Funds while Expanding Operations in 2021: Report
December 14, 2020 @ 9:23 pm By Omar Faridi
Four in five or 80% of Fintech companies in the ASEAN region are focused on expanding their operations following the COVID-19 outbreak. ASEAN member countries include Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
A report from UOB, PwC and the Singapore Fintech Association reveals that the ASEAN region is now home to around 40 million new Internet users this year alone. Approximately 70% of the ASEAN population is currently using the Internet and digital technology adoption will only increase in the coming decade.