Razer to focus on B2B fintech with ceasing of Razer Pay e-wallet, card
Hong Kong-listed firm posts H1 net profit of US$31.3m, on record US$752m in revenue amid hardware boom
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GAMING hardware player Razer sees B2B digital payments services as a promising growth driver, as it shutters its Razer Pay e-wallet and Razer Card project, according to chief strategy officer Lee Li Meng.
Mr Lee was speaking to reporters on the back of Razer's latest results. On Wednesday, the US and Singapore-headquartered company posted US$31.3 million in net profit for the half-year ended June, a turnaround from the year-ago loss of US$17.7 million. This was thanks to a record-high revenue of US$752 million, up 68 per cent.
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