Razer Pay gains 300,000 users in Malaysia within 48 hours

KUCHING: Within 48 hours from the launch of Razer Pay on July 4, 2018, over 300,000 users in Malaysia downloaded and signed up for the Razer Inc ( Razer) ewallet app designed for youth and millennials.

This could be a speed record for e-wallet adoption in the region.

Also within the same 48 hours, over 11,000 transactions were made by first-time Razer Pay users at Berjaya Group stores (such as 7Eleven and Starbucks), generating over RM110,000 worth of donations to the Tabung Harapan Fund by the Berjaya Group.

“Razer Pay launched globally in Kuala Lumpur and we are heartened by the incredible response from users,” co-founder and chief executive officer (CEO) of Razer Min-Liang Tan said.

“We will continue bringing more services and improvements to the app, and we thank users in Malaysia for their confidence in Razer.”

From July 4 to September 30, 2018, users who sign-up for Razer Pay will receive RM10 bonus credits as part of the launch celebrations. To get started, download the Razer Pay Malaysia app from iOS App Store or Google Play Store. Upon successful sign-up with a valid local mobile number, users will receive RM10 bonus credits to spend for in-store purchases.

The bonus credits can be used for in- store purchases ( eg. buying coffee from Starbucks or over-the- counter purchases from 7-Eleven).

The bonus credits cannot be used for other services such as in- app purchases of Mobile PIN reloads, game PINs and entertainment services.

The bonus credits are non-transferable, cannot be exchanged for cash and will expire after 90 days from account activation.

The total bonus credits are capped at RM5 million, so there are less than 200,000 sign- ups available before the launch promotion ends.

As a partner to Razer Pay, Berjaya Corporation Bhd ( Berjaya) has pledged to donate up to RM5 million to the national Tabung Harapan fund.