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While it might seem unexpected for a company that specializes in gaming peripherals to show an interest in financial services, Tan believes the move makes sense. Razer, a well-known brand in the competitive esports scene, has been pushing deeper into financial technology with its own virtual credits for gamers and a digital payments division.

Tan says that, in emerging markets, many consumers “don’t even have a bank account, let alone credit card” — 1.7 billion people globally are “unbanked,” according to the World Bank, meaning they don’t have access to an account at a financial institution. Razer is also looking at expanding its banking business across Southeast Asia, India and Latin America.

A wave of so-called “neobanks” have popped up over the years offering no-fee checking accounts that can be managed entirely through an app. Such start-ups have grown considerably, with the likes of Chime and Revolut for instance attracting millions of customers and multi-billion dollar valuations.

https://www.cnbc.com/2020/09/11/gaming-firm-razer-exploring-bank-license-applications-in-europe-and-us.html

They're already trying to become a licensed bank in Singapore but are now exploring Europe and the US as well.

Razer Fintech Leads Consortium Bid for Digital Full Bank License in Singapore – Razer Newsroom

Razer Fintech will be focusing on the underserved youth and millennials segment for the bid.

 

[Spukc]

Revolut

 

[Compsiox]

Oh god so many people will sign up to get fucked by stupid terms like with the Gamestop credit card.