MALAYSIA, SHAH ALAM – Razer Merchant Services (RMS), the B2B arm of Razer Fintech, announces that it now supports Apple Pay for merchants across online and offline channels, which will enable merchants to offer their customers a more seamless and secure checkout experience with Apple Pay.
Apple Pay is a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction.
Customers simply hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code.
Southeast Asia is currently the world’s fastest-growing mobile wallet region. Mobile wallets usage growth will increase by a CAGR of 41.4% by 2025 in Malaysia reflecting an e-commerce boom, according to a global study on the industry by Boku.
“RMS’ merchants can now offer Apple Pay as a checkout option for customers for purchases online, in-app and in-store across Malaysia. Our merchants’ customers can now use Apple Pay to seamlessly pay, vastly improving convenience, while transacting securely,” said Lee Li Meng, CEO of Razer Fintech.
Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web in Safari without having to create accounts or repeatedly type in shipping and billing information — they can simply pay with just a touch or a glance. Apple Pay can also be used to make payments in apps on Apple Watch.
Security and privacy are at the core of Apple Pay. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device.
Merchants looking to enable Apple Pay for their business can find out more here. Offer your shoppers a faster and more secure way to pay with Apple Pay today!
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 merchant.razer.com.
Merchants interested in online payment services, may email us at [email protected].
Merchants interested in offline reloads, may email us at [email protected].
ABOUT APPLE PAY
For more information on Apple Pay, visit:http://www.apple.com/apple-pay