Payments

Razer Merchant Services Taps Alipay+ to Expand Its Merchant Offerings in Malaysia

by Fintech News Malaysia April 5, 2022

Razer Merchant Services (RMS), the B2B arm of Razer Fintech, announced the integration of Ant Group’s Alipay+ solutions for more than 60,000 online and offline merchant touchpoints across Malaysia to expand its merchant offerings.

Introduced in 2020, the Alipay+ solutions are designed to make it easy for businesses, especially small and medium-sized enterprises (SMEs) to accept different payment methods and conduct cost-effective digital marketing campaigns.

These merchants can now process cross-border payments made by a wider range of global e-wallets and mobile bank apps.

E-wallets supported by Alipay+ include Touch ‘n Go eWallet in Malaysia, Kakao Pay (Republic of Korea), GCash (the Philippines), AlipayHK (Hong Kong SAR and China) and more.

Moreover, with one-time deployment, merchants can access all future digital payment methods supported by Alipay+.

In addition to the roll-out in Malaysia, efforts are also underway for RMS to implement Alipay+ solutions for its Singapore-based merchants later in the year.

Li Meng Lee

“The growth of eCommerce around Southeast Asia has rapidly increased the adoption of e-wallets, and RMS is proud to be partnering with Ant Group to contribute to this expansion.

 

We are proud to provide Alipay+ solutions for our merchantsin Malaysia and Singapore and will continue collaborating with Ant Group to expand and provide the most comprehensive payments methods to all of our merchants across the region,”

said Lee Li Meng, CEO of Razer Fintech.

Cherry Huang

“Alipay+ helps partners including RMS to connect local merchants with global digital payment methods through one simple integration, so that to ease cross-border payments pain points and enable more merchants to adopt digital payments.

 

On the back of gradual border openings in the region, our collaboration with Razer Merchant Services to innovate fintech and uncover new growth opportunities for businesses in Malaysia and Singapore is timely to prepare them towards recovery.”

said Cherry Huang, General Manager, Global Merchant Partnership, South and Southeast Asia, Ant Group.