Visa Inc. V and Razer recently announced a first-of-its-kind collaboration that is expected to change the payment modes in the gaming industry. This tie-up will gain traction from Visa’s widespread scale and the reach of its international network.
The combination of Razer’s financial technology unit Razer Fintech and Visa’s fintech fast-track program, which is made to ensure that fintechs get seamless access to the global Visa Payments network, is expected to transform the payment procedure. It will also bring a financial inclusion to Southeast Asia’s unbanked and underserved crowd.
Razer with a farsighted outlook toward digital payment solutions, is the perfect partner for this venture of Visa. By dint of this deal, Visa would also remain committed to the fast-growing and digitally advanced Southeast Asia region. This integration would allow users to make transactions at 54 million merchant spots in Visa’s international network.
The companies focus on the launch of a unique Razer-branded Visa prepaid payment option integrated into Razer Pay through a mini-app, which will strengthen Razer Pay as one of the best e-wallet platforms in Southeast Asia. This partner card service will provide users with similar and smooth top-up plus cash-out methods available on Razer Pay with better privacy and security facility.
Both companies aim at introducing these solutions in certain countries across the Southeast Asia belt in the upcoming months.
Visa has made concerted efforts to accelerate the pace of transformation in digital payments by making application programming interfaces (APIs) available in a bid to increase access to its network, products and services, offering innovation opportunities at its global innovation network locations and building partnerships with new players, such as financial technology companies, commonly known as fintechs.It has collaborated with a few companies, namely Ingo Money and LINE Pay Corporation to boost its fintech channels and has also unveiled programs that would help it expand in this business.
Shares of this Zacks Rank #2 (Buy) company have surged around 32.4% in a year's time, outperforming its industry's growth of 23.4%.
Other Stocks to Consider
Investors interested in the same space may also take a look at some other top-ranked stocks like Cardtronics PLC CATM, PayPal Holdings, Inc. PYPL and Global Payments Inc. GPN. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cardtronics offers automated consumer financial services through its network of automated teller machines and multi-purpose financial services kiosks. The company pulled off average four-quarter positive surprise of 43.8% and sports a Zacks Rank #1 (Strong Buy).
PayPal works as a technology platform and digital payments company. It delivered average four-quarter positive surprise of 7.6% and carries a Zacks Rank of 2.
Global Payments offers payment technology and software solutions and came up with average four-quarter beat of 3.1%. The company is a Zacks #2 Ranked player.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cardtronics PLC (CATM) : Free Stock Analysis Report
PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report
Global Payments Inc. (GPN) : Free Stock Analysis Report
Visa Inc. (V) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research