Business Daily Media

Men's Weekly

.

Razer Fintech Acquires PT E2PAY Global Utama

Razer Fintech’s acquisition of PT E2Pay Global Utama expands the organization’s digital payment solutions into Indonesia, one of the region’s fastest growing digital economies in the world

SHAH ALAM, MALAYSIA - Media OutReach - 9 June 2022 - Razer Fintech, the financial technology arm of Razer, the leading global lifestyle brand for gamers, today announced the acquisition of PT E2Pay Global Utama ("E2Pay"), one of the leading B2B2C digital payment facilitators and e-money players in Indonesia.

Razer Fintech is already a leading O2O (offline to online) digital payment network in Southeast Asia, and this acquisition marks its further expansion into Indonesia.

RMS-x-E2Pay.jpg

Founded in 2012, E2Pay provides a breadth of payment solutions to merchants and financial institutions, including payment gateway, e-money, and remittance services licenses in Indonesia. These services complement Razer Merchant Services, Razer Fintech's business-to-business arm regionally, as it facilitates cross-border payments for its 60,000 merchants to the region's largest populated country.

E2Pay's payment gateway supports high-growth e-Commerce verticals, including online marketplaces, professional services, travel & tourism, as well as other segments throughout Indonesia, with some of E2Pay's most notable merchants consisting of Tokopedia, Bukalapak, Traveloka and Blibli.com.

The Indonesian fintech player also connects major payment channels and supports local and alternative payment methods, including card schemes, internet banking, mobile banking, e-money, virtual accounts, offline points, and personal financing to provide a comprehensive local payment platform for more than 500 merchants in the region.

The E2Pay e-money platform, MBayar, serves over 500,000 registered users and supports payments for credit or data plans, bill payments, QR payments, cash withdrawals and fund transfer services.

"E2Pay is one of Indonesia's very few digital payment players that has a comprehensive set of licenses across various payment gateway services, e-money, and remittance. The acquisition of E2Pay allows us to accelerate our entry into Indonesia, one of the fastest-growing digital economies in Southeast Asia, as well as be able to better serve the digital payment needs of our regional and global merchants as the single partner of choice. I look forward to working closely with the E2Pay team to grow our presence in Indonesia considerably in the years to come." said the CEO of Razer Fintech, Lee Li Meng.

"E2Pay are very happy to have Razer Fintech onboard. We hope that the synergy between E2Pay and Razer Fintech will enable both organizations to tap on our merchant base to grow, expand and scale our platform's reach across Southeast Asia." Said E2Pay Chairman, Rudy Danandjaja.

Internet usage in Indonesia has been steadily growing, with a Gross Merchandise Volume (GMV) of USD $40 Billion in 2020, mainly driven by e-Commerce, even offsetting declines in Travel, Transport and Food Delivery industries throughout lockdown periods according to the e-Conomy SEA Report by Google, Temasek and Bain & Company. Through this acquisition, Razer Fintech and E2Pay look to contribute Indonesia's expected GMV of US $124 Billion by 2025, at a 23% Compound Annual Growth Rate (CAGR), making it one of the largest growing digital economies in Southeast Asia.

About Razer Fintech

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 (offline to online) digital payment networks in emerging markets and has processed over billions of dollars in total payment value. Razer Fintech recorded a Total Payment Volume (TPV) of US$7 billion for FY 2021, representing an increase of 63.5% year-on-year.

RMS, a leading B2B (business-to-business) solution encompasses:

  • RMS Online: Card processing gateway supporting global scheme cards and over 110 payment methods, powering online payments for global and regional blue-chip merchants in SEA.
  • 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 fulfilment of e-commerce purchases, distribution of third-party point-of-sale activation (POSA) cards, and merchant acquiring services for third-party e-wallets.

For more information, please visit our website at .

Merchants interested in online payment services, may email us at .

Merchants interested in offline reloads, may email us at

#RazerFintech #RazerMerchantServices

The issuer is solely responsible for the content of this announcement.

News from Asia

HKPC Makes Its Debut at China International Industry Fair 2025

Leading Future Manufacturing with AI Taking 54 Hong Kong Enterprises to Explore Overseas Opportunities HONG KONG SAR - Media OutReach Newswire - 15 September 2025 - Hong Kong Productivity Counc...

PAObank and China Ping An Insurance (Hong Kong) Launch Strategic Partnership, Bringing Integrated Banking and Insurance Solutions, Shaping a Digital Bank with Insurance DNA

PAObank 5th Anniversary Treasure Reward UNLOCK High-Interest Time Deposit and Travel Insurance All in OneHONG KONG SAR - Media OutReach Newswire - 15 September 2025 - PAO Bank Limited ("PAObank")...

MINT Incorporation Limited Announces the Launch of New Subsidiary, Axonex Intelligence Limited, Expanding into Smart Facility Management Solutions

HONG KONG SAR - Media OutReach Newswire - 15 September 2025 - MINT Incorporation Limited (NASDAQ: MIMI) ("MINT" or the "Company"), a leading Hong Kong-based provider of integrated interior design...

Merlin Entertainments' LEGOLAND® Discovery Centre Hong Kong Halloween Special Event: "Monster Party" Unleashes a Brick-or-Treat Adventure

HONG KONG SAR - Media OutReach Newswire - 16 September 2025 - From now until 2 November 2025, LEGOLAND® Discovery Centre Hong Kong, part of Merlin Entertainments Group, invites LEGO® fans of all a...

Allianz Trade in Asia Pacific appoints CEO for Hong Kong Hub

HONG KONG SAR - Media OutReach Newswire - 16 September 2025 - Allianz Trade in Asia Pacific is pleased to appoint Hassan Omaish to the role of CEO for Hong Kong, South Korea and Taiwan (collectiv...

Parisian Luxury Debuts in Bangkok: Rabbit Holdings, under BTS Group, in cooperation with Ananda Unveil "THE RESIDENCES 38" Bangkok’s Ultra-Luxury Condominium with First-Ever Private Fine Dining Kitchen—Together with La Clef Bangkok by The Crest Collection

The French Art de Vivre comes to Sukhumvit 38, combining the ultra-luxury living of The Residences 38, the refined hospitality of La Clef Bangkok by The Crest Collection, and exclusive private dini...

Hongkong Land's BaseHall becomes Hong Kong’s first F&B venue to achieve "Triple Platinum" green building certifications

Hongkong Land sets a new industry benchmark in F&B sustainability, achieving platinum certifications across BEAM Plus, LEED and WELL standards HONG KONG SAR - Media OutReach N...

Iglesia Ni Cristo's Care for Humanity Provides Support to International Students and Newcomers in Nine Canadian Cities

TORONTO, CANADA - ACCESS Newswire - September 16, 2025 - The Felix Y. Manalo (FYM) Foundation, the charitable arm of the Iglesia Ni Cristo (INC) or Church of Christ, expanded its global outreach ...

DL Holdings x Bitmain/Antalpha Miner: Hong Kong's First Bitcoin Hashrate Stock

HONG KONG SAR - Media OutReach Newswire - 16 September 2025 - After trading hours on 15 September 2025, DL Holdings Group Limited (HKEX: 1709) announced a major strategic cooperation with Fortune ...

Green SM expands all-electric taxi service to Bekasi, supporting the city’s smart mobility vision

BEKASI, INDONESIA - Media OutReach Newswire - 16 September 2025 - Green SM, the pioneering all-electric taxi service under GSM, has officially launched in Bekasi. From today, residents and visitor...

Why it’s time telcos rethink location and put customer experience first

Maurice Zicman, Vice President - CX Strategy at TP in Australia unpacks why the telco industry must rethink old assumptions and focus on digital-f...

Manny Shah: Is your business disappearing from Google? You’re not alone

Small business owners across Australia are panicking as their websites vanish from Google’s front pages overnight. According to Manny Shah, cofounde...

MR Roads named Queensland Finalist in the 2025 Telstra Best of Business Awards

MR Roads, co-founded by Daniel Mikus and James Rolph, has been announced as a Queensland finalist in the prestigious 2025 Telstra Best of Business...

AWS research shows strong AI adoption momentum in Australia, with startups outpacing large enterprises in innovation

Amazon Web Services (AWS), an Amazon.com company, released new research revealing that while artificial intelligence (AI) adoption continues to acce...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Sell by LayBy