Razer to apply for digital banking license in Singapore

Friday 3 January 2020 14:48 CET | News

Gaming company Razer has announced it is leading a consortium of companies applying for an online bank license in Singapore, Reuters reports.

Razer’s fintech business will have a 60% stake in the consortium that includes insurance firm FWD and Sheng Siong Holdings, a private vehicle of the Lim brothers behind a Singapore-based supermarket chain.

Others in the consortium include venture firm Insignia Ventures Partners, mobile internet company LinkSure Global, and vehicle marketplace Carro. 

Earlier in 2019, Razer has announced a partnership with Visa to develop a Visa prepaid solution. Through the service, 60 million registered users are able to pay at any of the 54 million merchant locations around the world that accept Visa.

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Keywords: Razer, gaming, online banking, fintech, banking license, Singapore
Categories: Banking & Fintech
Countries: Singapore
This article is part of category

Banking & Fintech