Razer Fintech Enters Indonesia Market through Acquisition of E2Pay

 

Malaysia’s digital payment company Razer Merchant Services’ parent company Razer Fintech has announced its acquisition of E2Pay, a digital payment facilitator and e-money player in Indonesia to marks its further expansion into Indonesia.

Founded in 2012, E2Pay provides a breadth of payment solutions to merchants and financial institutions, including payment gateway, e-money, and remittance services licenses in Indonesia. Its payment gateway supports high-growth e-Commerce verticals, including online marketplaces, professional services, travel & tourism, as well as other segments throughout Indonesia, with some of E2Pay’s most notable merchants consisting of Tokopedia, Bukalapak, Traveloka and Blibli.com.

The Indonesian fintech player also connects major payment channels and supports local and alternative payment methods, including card schemes, internet banking, mobile banking, e-money, virtual accounts, offline points, and personal financing to provide a comprehensive local payment platform for more than 500 merchants in the region.

The E2Pay e-money platform, MBayar, serves over 500,000 registered users and supports payments for credit or data plans, bill payments, QR payments, cash withdrawals and fund transfer services.

Razer Fintech is the financial technology arm of Razer, the leading global lifestyle brand for gamers.

12 June 2022

Author: VSDaily Editor

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