Razer Fintech, the fintech arm of gaming hardware firm Razer, is maintaining a positive outlook for the business despite its failure to secure a digital banking licence in Singapore, and the folding up of its e-wallet and card business.
According to Razer’s 2021 earnings, announced on Thursday, Razer Fintech’s total payments volume (TPV) grew 63.5% year-on-year to $7 billion driven by e-commerce marketplace purchases, food deliveries, and e-wallet top-ups. Merchant adoption also expanded 5% over the same period to 52,500 merchants across retail, F&B, and professional/commercial services.
