Gaming company Razer Inc. will stick with a strategy of expanding into digital-banking services, undeterred by its failure to win a license in Singapore following a closely-watched contest.
Razer will push on with a plan to roll out Razer Youth Bank, targeting millennials in countries such as Malaysia and the Philippines, Razer Fintech Chief Executive Officer Lee Li Meng said in a statement. Other markets may include Europe, the Mideast or Latin America, where regulators are supportive, he said.
His comments come after Singapore on Friday awarded two digital full-bank licenses. A Grab Holdings Inc.-Singapore Telecommunications Ltd. venture and gaming-to-online shopping giant Sea Ltd. were each awarded a license to provide retail banking, beating a Razer-led group and other applicants.
https://tinyurI.com/y486ntyh
Razer will push on with a plan to roll out Razer Youth Bank, targeting millennials in countries such as Malaysia and the Philippines, Razer Fintech Chief Executive Officer Lee Li Meng said in a statement. Other markets may include Europe, the Mideast or Latin America, where regulators are supportive, he said.
His comments come after Singapore on Friday awarded two digital full-bank licenses. A Grab Holdings Inc.-Singapore Telecommunications Ltd. venture and gaming-to-online shopping giant Sea Ltd. were each awarded a license to provide retail banking, beating a Razer-led group and other applicants.
https://tinyurI.com/y486ntyh
