Razer Merchant Services Bags Best Non-Bank FPX Acquirer Award by PayNet For Second Year Running

Written by Razer Merchant Services

SHAH ALAM, MALAYSIA - Media OutReach - 24 May 2022 - Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has been recognized as the Best Non-Bank FPX Acquirer for the e-Payments Acceptance Growth category at the Malaysian e-Payments Excellence Award (MEEA) 2022 organized by Payments Network Malaysia (PayNet Malaysia).

The annual MEEA award by PayNet Malaysia, the Malaysian national payments network and shared central infrastructure for Malaysia's financial markets honors banks, non-bank participants, businesses and government agencies for their efforts and contribution to the nation's cashless agenda.

The award was supplemented by Razer Fintech's total payments volume (TPV) of $7 billion through its system for FY2021, representing a 63.5% year-on-year growth driven by e-commerce marketplace purchases, food deliveries, and e-wallet top-ups.

"RMS would like to thank PayNet for awarding us this prestigious award for the second year in a row. The award is a testament to the continuous support and trust of our merchants, as we strive to provide the best-in-class payment services. RMS will continue to grow and invest in our capabilities to expand and contribute to our merchants across the Southeast Asian region." said Lee Li Meng, CEO of Razer Fintech.

"We would like to congratulate RMS on winning the Best FPX Acquirer under the Non-Bank category. RMS showed remarkable commitment in fostering greater e-commerce merchants' acceptance with continuous merchant engagements for enhanced e-payments experience. We trust this award will inspire RMS to continuously champion enablement of more businesses to adopt ePayments and transform Malaysia into a cashless society. We are encouraged by RMS' pioneering efforts to migrate merchants from FPX to DuitNow Online/ Banking Wallets and look forward to similar initiatives from RMS in other fronts." said Khairuan Abdul Rahman, Director of Retail Payment Services of PayNet.

RMS merchants, Touch and Go Digital and Foodpanda advocated for the award through their congratulatory messages and commendations to the payment solutions provider.

"Congratulations to RMS on this prestigious award. TNGD has been utilizing RMS' payment services since 2019 and we look forward to staying competitive through the plethora of payment channels within RMS' offerings." said Danny Chua, Chief Commercial Officer of Touch and Go Digital.

"Foodpanda has recently integrated with RMS, and we are excited to scale our payments by offering our customers the best payment experience. Foodpanda looks forward to continuous support and development from RMS in its payment's solutions." said Abhishek Ahuja, Director of Foodpanda APAC.

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