Razer Merchant Services obtains Mastercard’s Direct Acquiring license in Malaysia

MALAYSIA, SHAH ALAM – Razer Merchant Services (RMS), the B2B arm of Razer Fintech, today announced that it has attained the Mastercard Direct Acquiring license, Mastercard Digital Enablement Service (MDES), and Click to Pay (C2P) feature in Malaysia. This enables RMS’ merchants to seamlessly connect to Mastercard products and solutions.


Mastercard’s payment solutions will be accessible to RMS merchants across various industry verticals, including market traders, hawkers, e-hailing, e-sports, on-demand services, government, and education partners, with the card scheme enabling merchants to offer card payments supported by seamless on-boarding and security.


“Through this collaboration, RMS’ is proud to empower online merchants in Malaysia with full access to millions of Mastercard cardholders. Our team continues to work closely with Mastercard to ensure that we can replicate the swift card scheme on-boarding and secure payment processing for all our merchants across Southeast Asia. We intend to extend our card scheme capabilities to other countries as well as we continue to scale across the region,” said Lee Li Meng, CEO of Razer Fintech.


The partnership takes place at a time where consumers are increasing their usage of ePayments to pay for goods and services. According to Bank Negara, ePayment services recorded a growth of 30.2% with 7.2 billion transactions in 2021 up from 5.5 billion in 2020. This increase is double than the pre-pandemic period of 2015 to 2019. On average, a consumer made 221 ePayment transactions in 2021, up from 170 transactions in 2021 with contactless and online transactions continuing to drive ePayment growth[1].


“This partnership is key as Mastercard seeks to continually enhance ePayments acceptance among merchants with Razer Fintech. Through this, Mastercard can further support its network of merchants to capitalize on opportunities to grow and scale in Malaysia’s growing e-commerce market including underserved segments such as market traders and hawkers. Additionally, the partnership elevates the payment experience for consumers by ensuring greater convenience, choice, security and peace of mind. This further underscores Mastercard’s commitment to deliver advanced technology, timely innovations, and solutions to ensure Malaysian businesses are empowered and financially able to drive usage of ePayments in line with the nation’s cashless agenda as a digital economy,” said Beena Pothen, Country Manager, Malaysia and Brunei, Mastercard.


RMS’ holistic card scheme payment ecosystem will also be further enhanced with its offerings to SME and Micro businesses through the RMS Virtual Terminal (VT) mobile application, which turns merchant smartphones into payment terminals. The VT App will seamlessly deploy contactless card payment acceptance through the “Tap-on-Phone” technology to ensure its current merchant base of 40,000 QR payment touchpoints can accept payments conveniently.


The MDES certification will act as an added layer of security through the encryption of a cardholder’s 16-digit account number using a token. The token would only be known to the cardholder.


Another Mastercard feature to be rolled out by RMS to its merchant customers is the Click to Pay (C2P) feature, delivering streamlined payments across digital checkouts and networks. Mastercard’s C2P feature provides a standardized user experience for guest checkout by reducing clicks and checkout friction, while mitigating fraudulent transactions by protecting one-time passwords and bot detection, to ensure industry-standard authentication protocols and network tokenization.



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].




Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.


[1] Bank Negara Malaysia. Annual Report 2021. Available at https://www.bnm.gov.my/documents/20124/6458991/ar2021_en_book.pdf Accessed 15 August 2022


Tags: Fintech
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