Financial technology company Razer, in collaboration with Visa, announced Tuesday the launch of the Razer Card in Singapore.
The Razer Card is a prepaid card offering year-long cashback features on all transactions. Users can sign up and use the virtual card at no subscription with the option to upgrade to a physical card, including the Premium card, which the company says is “the world’s first card that lights up on payment.”
Razer does not currently have plans to expand the program to the U.S., the company confirmed to USA TODAY
All card users can make payments where Visa is accepted and physical cards will also feature contactless payment technology. There is no minimum balance or spend requirement.
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“Right from the start, we have been very excited about our collaboration with Visa to transform the digital payments experience globally. Over the last year, since our initial announcement, a lot of time and effort has gone into developing and perfecting this product, that is truly going to value-add significantly to the lifestyle of our users,” said Lee Li Meng, chief executive officer of Razer Fintech.
Razer Fintech cards (Photo: Handout)
The card will be made available to 1,337 selected users via an exclusive beta testing program, which includes a gamified rewards system where testers complete tasks, level up and earn Razer gear rewards.
Razer is looking to establish “the world’s first global youth bank” as it outlined in its application for the MAS (Monetary Authority of Singapore) Digital Full Bank License in Singapore.
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This isn’t the first time Razer has tried to reach gamers with inventive products. As The Verge has reported, the company previously made chewing gum and caffeinated waterfor … gaming.
“With this Razer Card, we have co-developed a unique prepaid solution that further cements our position as the largest offline-to-online digital payment network in the region. This collaboration opens up many opportunities for us to reach out and meet the needs of consumers, particularly the youth and millennials,” added Meng.
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