{"id":52807,"date":"2020-12-05T17:12:00","date_gmt":"2020-12-05T09:12:00","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=168747"},"modified":"2020-12-05T17:12:00","modified_gmt":"2020-12-05T09:12:00","slug":"razer-to-push-youth-bank-undeterred-by-failure-of-singapore-bid","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2020\/12\/05\/razer-to-push-youth-bank-undeterred-by-failure-of-singapore-bid\/","title":{"rendered":"Razer to Push Youth Bank, Undeterred by Failure of Singapore Bid"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" ><img src=\"https:\/\/www.mediaintel.asia\/wp-content\/uploads\/mediaintelasia-logo-blackyellow-400x300-1.png\" border=\"0\"><\/a><\/div>\n<p>(Bloomberg) -- Gaming company Razer Inc. will stick with a strategy of expanding into digital-banking services, undeterred by its failure to win a license in Singapore following a closely-watched contest.<br \/>\nRazer will push on with a plan to roll out Razer Youth Bank, targeting millennials in countries such as Malaysia and the Philippines, Razer Fintech Chief Executive Officer Lee Li Meng said in a statement. Other markets may include Europe, the Mideast or Latin America, where regulators are supportive, he said.<br \/>\nHis comments come after Singapore on Friday awarded two digital full-bank licenses. A Grab Holdings Inc.-Singapore Telecommunications Ltd. venture and gaming-to-online shopping giant Sea Ltd. were each awarded a license to provide retail banking, beating a Razer-led group and other applicants.<br \/>\nRazer is based in Singapore and San Francisco, with shares listed in Hong Kong.<br \/>\nRelated story: Grab, Razer Among Firms Eyeing Malaysia Digital Bank License<br \/>\nThe Monetary Authority of Singapore also awarded two digital wholesale-bank licenses to Jack Ma\u2019s Ant Group Co. and a group that includes Greenland Financial Holdings and Linklogis Hong Kong. The category allows virtual lenders to target small and medium-sized businesses and other non-core segments.<br \/>\n\u00a92020 Bloomberg L.P.<\/p>\n<p>This data comes from <a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" >MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) &#8212; Gaming company Razer Inc. will stick with a strategy of expanding into digital-banking services, undeterred by its failure to win a license in Singapore following a closely-watched contest.<br \/>\nRazer will push on with a plan to roll out Raz&#8230;<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[669,639,671,339,194,41,52,493,1002,1542,484,1367],"tags":[2210,10406,3942,6823,2370,10419,10329,1859,10380],"class_list":["post-52807","post","type-post","status-publish","format-standard","hentry","category-bank","category-california","category-finance","category-hong-kong","category-news-chinese-law","category-online-game","category-online-payment","category-online-shopping","category-retail","category-technology","category-united-states","category-usa","tag-america","tag-ant-group","tag-europe","tag-fintech","tag-malaysia","tag-monetary-authority-of-singapore","tag-philippines","tag-singapore","tag-singapore-general-news"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/52807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=52807"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/52807\/revisions"}],"predecessor-version":[{"id":52808,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/52807\/revisions\/52808"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=52807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=52807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=52807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}