Razer Merchant Services Bags Best Non-Bank FPX Acquirer Award By Paynet For Industry Leading Growth
Razer Merchant Services awarded the Best Non-Bank FPX Acquirer at PayNet Malaysia’s Malaysian e-Payments Excellence Award 2021 for number of merchants acquired, FPX transactions volume generation and FPX volume growth.
SHAH ALAM, MALAYSIA - Media OutReach - 16 August 2021 - Razer Merchant Services (RMS), the
B2B arm of Razer Fintech, has been recognized as the Best Non-Bank FPX Acquirer
at the Malaysian e-Payments Excellence Award 2021 organised by Payments Network
Malaysia (PayNet Malaysia), the national payments network and shared central infrastructure
for Malaysia's financial markets.
The annual award honors banks, non-bank participants, businesses
and government agencies for their efforts and contribution to the nation's
cashless agenda. According to a JPMorgan's E-commerce
Payments Trends: Malaysiareport,
FPX Payments is identified as the preferred method of payments by e-commerce
users in Malaysia and is expected to account for 48% of all e-commerce payments
"Razer Merchant Services Sdn Bhd was recognised as Best FPX
Acquirer for Non-Bank category of the Malaysian e-Payments Excellence Award
2021 for its role and contribution to the growth of FPX including volume
generation, volume growth and number of merchants acquired during 2020. With
this recognition, we look forward to their continued support in propelling the
adoption of e-payments further in this country," said PayNet Malaysia's
Director of Retail Payments Services, Mr. Khairuan Abdul Rahman.
"We are deeply honored by the prestigious award and would
like to thank PayNet for the recognition. This is a testament of the strides we
have made in our fintech business over the last few years since we embarked on
this journey and are highly appreciative of the trust and continuous support of
our merchants. Razer Fintech continues to see further momentum in the first
half of 2021 with B2B payments Total Payment Volume (TPV) growing at high
double-digit year on year. Looking ahead, we will continue to invest and grow
our capabilities in the region to address the needs of our merchants," Razer
Fintech CEO, Lee Li Meng said.
RMS merchants, Hermo, Doctor2U and BP Healthcare Group
shared their congratulating messages and commendations to RMS on the award and
renewed their continued trust in the payment solutions provider.
"RMS has maintained secure and reliable FPX integration
of Doctor2U & BP Healthcare platform since 2011. We look forward to
continuous reliability and growth with RMS," said Founder & CEO of
Doctor2U and Executive Director of BP Healthcare Group, Garvy Beh.
"We are truly grateful towards the support from RMS, be it
the maintenance and support for any payment issues. This has indeed helped us
in providing the overall user shopping experience especially during check out.
We are looking forward for future collaborations and further development
together with Razer Merchant Services," said CEO of Hermo, CK Khong.
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ABOUT RAZER FINTECH
Backed by the leading global lifestyle brand for gamers
synonymous with the youth and millennials, Razer Fintech is the financial
technology arm of Razer Inc. Established in April 2018, Razer Fintech has grown
to become one of the largest O2O digital payment networks in SEA and has
processed over billions of dollars in total payment value.
Razer Merchant Services is a leading B2B
(business-to-business) solution encompassing:
RMS Online: Card processing gateway supporting global scheme
cards and over 110 payment methods, powering online payments for global
blue-chip merchants in SEA including Grab, Lazada, Facebook, Shopee,
Taobao.com, and more.
RMS Offline: SEA's largest offline payment network of over 1
million physical acceptance points across SEA. RMS Offline also extends
point-of-sale services (such as bill payments and telco reloads),
cash-over-counter services (including Razer Pay top-ups and fulfilment of
e-commerce purchases), distribution of third party point-of-sale activation
(POSA) cards, and merchant acquiring services for Razer Pay and other
For more information, please visit our website here.