Razer, one of the world's most popular gaming peripherals company, will be launching a virtual prepaid debit card for youth and millennials.

The card will be launched next January, starting with Singapore.

The new Razer Card is co-created with Visa and will be linked with the Razer Pay e-wallet app. 

There are no charges to sign up for the card. Users will also have the option to upgrade their card to a "premium" card, which lights up when payments are made.

Like any other debit/credit card, the Razer Card will also offer contactless payments, but with the addition of cash-back for all purchases without any minimum spend. 

Users will receive 1% cash-back for purchases made across categories, and up to 5% on the RazerStore and Razer Gold purchases.

Following the launch in Singapore, the card will be made available in other countries where Razer Pay is available, subject to local regulatory approval.