Upon successful implementation of interoperability, users of U Mobile's Go PayZ will be able to seamlessly access Razer’s extensive network of over 10,000 payment points across Malaysia.
At the same time, Razer will have the opportunity to add Go PayZ’s network of acceptance points across Malaysia to its own network, as well as gain access to U Mobile’s subscriber base of more than 6.5 million consumers.
In a statement, the companies said the collaboration will help reduce e-wallet fragmentation in the region. However, at this point it’s not clear when the interoperability will be completed.
U Mobile is also collaborating with the gaming gear maker to boost Malaysia’s eSports scene by co-hosting eSports related events and building the necessary infrastructure.
These initiatives include running 5G deployment trials, and potentially leverage local esports events as a 5G testbed.
U Mobile CEO Wong Heang Tuck says Razer is the perfect partner for the telco to conduct testbeds and trials on how 5G will level up the esports landscape with much faster network speeds and lower latencies.
“This comes hot on the heels of the launch of our new Malaysian headquarters. We have exciting things in store for our fans in Malaysia and look forward to sharing more in the coming months,” said Razer CEO Min-Liang Tan.
Razer launched its Malaysian headquarters in Bangsar South, Kuala Lumpur, last month with the goal of broadening its financial technology footprint in the country.
A Euromonitor International report states that mobile payments in South-East Asia are expected to be worth around US$32bil (RM130.53bil) by 2021, as smartphone penetration increases.
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