RMS expands Alipay+ solutions in Malaysia

 by TMR / pic by BLOOMBERG

RAZER Merchant Services (RMS), the business-to-business arm of Razer Fintech, has announced the integration of Alipay+ solutions for more than 60,000 online and offline merchant touchpoints nationwide to expand its merchant offerings.

“The growth of e-commerce around South-East Asia has rapidly increased the adoption of e-wallets, and RMS is proud to be partnering with Ant Group to contribute to this expansion.

“We are proud to provide Alipay+ solutions for our merchants in Malaysia and Singapore and will continue collaborating with the group to expand and provide the most comprehensive payment methods to all of our merchants across the region,” Razer CEO Lee Li Meng said in a statement yesterday.

Ant global merchant partnership GM for South and South-East Asia Cherry Huang said innovative digital solutions are key to accelerating the digital transformation of the service industry.

“Alipay+ helps partners including RMS to connect local merchants with global digital payment methods through one simple integration, so that to ease cross-border payments pain points and enable more merchants to adopt digital payments,” said Huang in the same statement.

“On the back of gradual border openings in the region, our collaboration with RMS to innovate fintech and uncover new growth opportunities for businesses in Malaysia and Singapore is timely to prepare them towards recovery,” she added.

In addition to the rollout in Malaysia, efforts are also underway for RMS to implement Alipay+ solutions for its Singapore-based merchants later in the year.

Alipay+ will be implemented at payment touchpoints for RMS offline merchants from Malaysia’s retail, business, and food and beverage (F&B) sectors.

These merchants can now process cross-border payments made by a wider range of leading global e-wallets and mobile bank apps and gain access to over one billion global consumers with one single technical solution.

Moreover, with one-time deployment, merchants can access all future digital payment methods supported by Alipay+.

Simultaneously, RMS has also integrated Alipay+ solutions for online merchants in Malaysia from the tourism, grocery, e-hailing and F&B segments including Riding Pink Sdn Bhd, the first all-women e-hailing application.

Introduced by Ant in 2020, Alipay+ is a suite of global crossborder digital payments and marketing solutions designed to enable businesses, especially small and medium enterprises, to process a wide range of mobile payment methods and reach regional and global consumers.

Leading e-wallets supported by Alipay+ include Touch ‘n Go eWallet in Malaysia, Kakao Pay (Korea), GCash (the Philippines), AlipayHK (Hong Kong, China) and more.