#razer intends to apply for digital full bank license in Singapore.

Razer is keen to explore applying for the digital full bank licence through our Razer Fintech arm.

We are heartened to see that MAS wants applicants to address the needs of the underserved segments or unmet financial needs. The youth and millennial segment is one such segment.

Given that we are already processing billions of dollars in digital payments and are one of the biggest global brands for the youth and millennials in the world, we believe we are well suited to meet the requirements at this time.

Since we announced our interest in the digital bank licence back in June, we have had many parties approach us for partnerships as Razer Fintech has been making big strides in the emerging markets such as SE Asia.

We have also recently tied up with Visa to provide a virtual pre-paid options through our Razer Pay e-wallet. This partnership will enable 54 million acceptance points for the Razer Fintech Visa card holders.

By Harry