Razer Merchant Services announced it has attained the Mastercard Direct Acquiring license, Mastercard Digital Enablement Service and Click to Pay feature in Malaysia.
Enables merchants to connect to Mastercard products, solutionsRazer Merchant Services , the B2B arm of Razer Fintech, announced that it has attained the Mastercard Direct Acquiring license, Mastercard Digital Enablement Service , and Click to Pay feature in Malaysia.
The card scheme will enable merchants to offer card payments supported by seamless on-boarding and security, it added. According to Bank Negara, ePayment services recorded a growth of 30.2% with 7.2 billion transactions in 2021 up from 5.5 billion in 2020. This increase is double than the pre-pandemic period of 2015 to 2019.
“Through this, Mastercard can further support its network of merchants to capitalise on opportunities to grow and scale in Malaysia’s growing e-commerce market including underserved segments such as market traders and hawkers. RMS’ holistic card scheme payment ecosystem will also be further enhanced with its offerings to SME and Micro businesses through the RMS Virtual Terminal mobile application, which turns merchant smartphones into payment terminals.
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