Razer Fintech has partnered with the Singapore-based Buy Now Pay Later (BNPL) service provider to offer BNPL services in Southeast Asia to merchants registered under Razer Merchant Services (RMS).
This follows a recent announcement by Rely on the expansion of its services in Singapore, Malaysia, and South Korea after securing capital from Goldbell Financial Services to process up to USD 100 million in BNPL transactions. Through the new alliance, RMS merchants will be able to provide BNPL solutions to their customers.
RMS encompasses powering online payments as a card processing gateway supporting global scheme cards and over 110 payment methods for global blue-chip merchants.
Lee Li Meng, CEO, Razer Fintech, said:
“We are excited to have partnered Rely, a fast-growing fintech that already works with blue chip merchants such as Qoo10 to extend their innovative BNPL solution to our extensive network of merchants across Southeast Asia. Providing this timely access to Rely’s BNPL solution adds to our fintech offerings and further expands our digital payments ecosystem for our customers. This collaboration is also aligned to our longstanding commitment to continue using our know-how in fintech to build new and innovative ways to meet the needs of a burgeoning and digital-savvy youth and millennial segment in Southeast Asia”
Hizam Ismail, CEO, Rey, commented:
“We are thrilled to partner Razer Fintech to accelerate the adoption of Rely’s BNPL service across its extensive network of merchants including international brands in Southeast Asia. Rely has been growing rapidly especially among Millennial and Gen Z consumers. Through this partnership, millions of young and tech savvy shoppers benefit by getting access to flexible interest-free payment options at their fingertips. We look forward to further expanding our services to more merchants and consumers both in Singapore and the region.”
