Friday, January 27, 2023
HomeAsian NewsRazer Fintech acquires E2Pay to additional increase into Indonesian market

Razer Fintech acquires E2Pay to additional increase into Indonesian market

Razer Fintech, the fintech arm of gaming {hardware} big Razer, at present introduced that it had acquired PT E2Pay International Utama (E2Pay), B2B2C digital cost facilitator and e-money participant in Indonesia, for an undisclosed sum.

In a press assertion, Razer Fintech mentioned that this acquisition marks its additional enlargement into Indonesia.

“E2Pay is one in all Indonesia’s few digital cost gamers with a complete set of licenses throughout numerous cost gateway companies, e-money, and remittance. The acquisition of E2Pay permits us to speed up our entry into Indonesia, one of many fastest-growing digital economies in Southeast Asia, in addition to have the ability to higher serve the digital cost wants of our regional and world retailers as the only accomplice of selection. I sit up for working carefully with the E2Pay crew to develop our presence in Indonesia significantly within the years to return.” mentioned Razer Fintech CEO Lee Li Meng.

Based in 2012, E2Pay supplies a variety of cost options to retailers and monetary establishments, together with cost gateway, e-money, and remittance companies licenses in Indonesia.

Additionally Learn: Morning raises US$1.27M in a spherical led by Razer’s VC arm to take its IoT-enabled espresso maker to world markets

The corporate’s most notable shoppers included native unicorns corresponding to Tokopedia, Bukalapak, Traveloka and Blibli.

E2Pay mentioned that its e-money platform MBayar serves over 500,000 registered customers and helps funds for credit score or information plans, invoice funds, QR funds, money withdrawals and fund switch companies.

These companies complement Razer Service provider Companies, Razer Fintech’s business-to-business arm regionally. The corporate mentioned that it facilitates cross-border funds for its 60,000 retailers to the area’s largest populated nation.

Fundraising or making ready your startup for fundraising? Construct your investor community, search from 400+ SEA traders on e27, and get related or get insights concerning fundraising. Attempt e27 Professional without spending a dime at present.

Picture Credit score: Razer Fintech and E2Pay

The submit Razer Fintech acquires E2Pay to additional increase into Indonesian market appeared first on e27.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments