Razer Fintech named a winner of Singapore’s Best Managed Companies 2022

Razer Fintech has been awarded Singapore’s Best Managed Companies, an initiative by Deloitte Private.

SINGAPORE – Media OutReach – 15 September 2022 – Razer Fintech, the financial technology arm of Razer Inc, has been recognized as one of Singapore’s Best Managed Companies by Deloitte in 2022. Southeast Asia Best Managed Companies – Singapore is an annual initiative by Deloitte Private and it recognizes top privately held Singapore companies for their organizational success as well as contribution to their industry and economy.

Razer Fintech is one of the largest O2O (Offline-to-Online) digital payment networks in Southeast Asia. It has served more than 50,000 merchants in the region and processed over billions of dollars in total payment value. With direct licenses and approvals across key high-growth markets across Southeast Asia, including Singapore, Malaysia, Indonesia, the Philippines, Razer Fintech is able to serve regional and global merchants who require both traditional payment methods such as credit cards, as well as a comprehensive package of alternative payment methods, so that trading partners can tap into wider customer bases.

“We started Razer Fintech with a vision to build a digital payment platform for our users, expanding our ecosystem from hardware and software to the service segment,” said Lee Li Meng, CEO of Razer Fintech. “Our innovative end-to-end solutions have allowed us to become one of the fastest growing businesses within Razer with an independent governance structure and management. To be recognized by Deloitte as a ‘Best Managed’ company is truly an honor and is a recognition of the efforts the team has put into expanding our leadership position in the payments industry in Southeast Asia, and we look forward to continuing to live up to this award.”

“Resilience and adaptability have been key for all businesses over the past two years. Management teams are constantly pivoting to ensure they advance their strategies, look after their employees, develop their governance structures and comply with ever-changing regulatory requirements,” said Cheung Pui Yuen, CEO director of Deloitte Singapore. “This is why, now more than ever, it is important to recognize the great leadership and resilience of Singapore-based companies that have enabled them to remain competitive and at the forefront of their industries. We are delighted to celebrate the 2022 winners of Best Managed Companies Singapore.”

An internationally recognized programme, Best Managed evaluates businesses based on four pillars – strategy, quality of management, capabilities and innovation, culture and commitment, as well as governance and finance. The evaluation of the awards was first launched in Singapore in 2021, and is based on observed practice over more than 25 years of the global awards program which has been rolled out to 48 countries worldwide, including Indonesia, Malaysia, Thailand and Vietnam within ASEAN.

Participants of the Singapore Best Managed Companies program compete for this prestigious designation in a rigorous and independent process that evaluates their management skills and practices. This includes having business strategies and operations analyzed, benchmarking them against a global standard evaluation framework used across the 1,200 strong community of best managed companies worldwide. Business leaders then use the process to sharpen strategies and derive valuable insights to help them refine their strategies and operations, and optimize business growth.

Hashtag: #RazerFintech

The issuer is solely responsible for the content of this announcement.

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 USD 7 billion for FY 2021, representing an increase of 63.5% year-on-year.

RMS, a leading B2B (business-to-business) solution includes:

• 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 with over 1 million physical acceptance points across SEA. RMS Offline also extends point-of-sale services (such as bill payment and top-up of telecom services), cash over the counter services, including fulfillment of e-commerce purchases, distribution of third-party point-of-sale activation (POSA) cards, and merchant services for third-party e-wallets.