SINGAPORE – Razer Pay today inked a Memorandum of Understanding (MOU) with V-Key Pte. Ltd., a Singapore-based digital security firm, to foster strategic collaboration over digital identity and e-payments.
Under the agreement, V-Key will look into providing leading technology to support and facilitate the highest standards of authentication and security for Razer Pay, and across the entire Razer ecosystem at large.
This includes deploying V-Key’s seamless app-to-app user authentication and authorisation mechanisms that enable secure transactions for Razer Pay’s rapidly scaling user base.
Razer Pay will leverage on V-Key’s expertise across ASEAN-wide government-, banking- and gateway-level applications to develop and apply safeguards to the Razer Pay application, thereby protecting Razer Pay’s million-strong network of merchant acceptance points in ASEAN.
V-Key and Razer will also work to strengthen authentication and security processes for the global Razer ecosystem. For example, Razer may integrate V-Key’s Public Key Infrastructure (PKI) technology secured by V-Key’s V-OS Smart Token technology, across all of its platforms including PC, web, and mobile applications.
“V-Key is excited to launch this strategic partnership with Razer in the areas of digital identity and e-payments. The same trusted technologies that have been deployed by banks and governments will now be made available to the gaming and entertainment space through Razer, allowing for seamless and secure user experiences,” said Joseph Gan, Co-founder and President, V-Key.
ABOUT RAZER
Razer™ is the world’s leading lifestyle brand for gamers.
The triple-headed snake trademark of Razer is one of the most recognized logos in the global gaming and esports communities. With a fan base that spans every continent, the company has designed and built the world’s largest gamer-focused ecosystem of hardware, software and services.
Razer’s award-winning hardware includes high-performance gaming peripherals, Blade gaming laptops and the acclaimed Razer Phone.
Razer’s software platform, with over 50 million users, includes Razer Synapse (an Internet of Things platform), Razer Chroma (a proprietary RGB lighting technology system), and Razer Cortex (a game optimizer and launcher).
Razer services include Razer zGold, one of the world’s largest virtual credit services for gamers, which allows gamers to purchase virtual goods and items from over 2,500 different games.
Founded in 2005 and dual-headquartered in San Francisco and Singapore, Razer has 15 offices worldwide and is recognized as the leading brand for gamers in the USA, Europe and China. Razer is listed on the Hong Kong Stock Exchange (Stock Code: 1337).
ABOUT V-KEY
V-Key is a global leader in digital security. V-Key’s pioneering technology powers ultra-high-security solutions for digital identity management, user authentication and authorization, as well as electronic payments for major banks, payment gateways, and government agencies.
V-Key is the inventor of V-OS, the world’s first virtual secure element. Internationally patented, V-OS uses advanced cryptographic and cybersecurity protections to comply with standards previously reserved only for expensive hardware solutions. Today, V-OS secures millions of users around the world.
V-OS enables digital leaders to create powerful customer experiences that combine high security and delightful convenience. V-OS integrates seamlessly with biometrics, PKI-based technology, out-of-band authentication, making delightful user experiences possible while being uncompromisingly secure.
V-OS is FIPS 140-2 Level 1 certified (US NIST), and accredited by the Info-communications Media Development Authority of Singapore (IMDA). V-OS has been the subject of multiple rigorous penetration tests and has been stress-tested by e-commerce players, government agencies, regulatory bodies and financial services companies.
