Razer Gold received in-principle approval from the Monetary Authority of Singapore to be a major payment institution under the Payment Services Act 

Quick Summary:

Provides safer, reliable payment processing for gamers and developers

Approval allows Razer Gold to expand its reach, support the gaming industry Razer Gold, the unified virtual credits for gamers worldwide, has announced that it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution.

Once it has obtained the licence, Razer Gold will be authorised to offer regulated payment services, including account issuance, facilitating both domestic and cross-border money transfers, merchant acquisition, and providing e-money issuance services—all of which are essential for supporting the dynamic and rapidly growing gaming industry.

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Article Details

Author / Journalist: Gerry Wong

Category: EconomyStartupsBusiness

Markets: MalaysiaSingapore

Topics: Gamers In-principle Approval Gaming Singapore Institution Payment Industry Major Razer Gold

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 05:49:49 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: digitalnewsasia.com

Language: English

Article Length: 360 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Digital News Asia

News ID: 23423921

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About Digital News Asia

Main Topics: EconomyStartupsBusiness

Official Website: digitalnewsasia.com

Update Frequency: 2 posts per day

Year Established: 2012

Headquarters: Malaysia

News Last Updated: 14 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #18

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