Razer Gold received in-principle approval from the Monetary Authority of Singapore to be a major payment institution under the Payment Services Act 

• Provides safer, reliable payment processing for gamers and developers
• Approval allows Razer Gold to expand its reach, support the gaming industry

Razer Gold, the unified virtual credits for gamers worldwide, has announced that it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution. This paves the way for Razer Gold to provide seamless payment solutions for gaming platforms and to further expand its reach and offerings.

To date, Razer Gold has been operating under a temporary exemption as part of transitional arrangements following the commencement of the Payment Services Act. This in-principle approval is a key milestone as it transitions towards being licensed as a Major Payment Institution. Once it has obtained the licence, Razer Gold will be authorised to offer regulated payment services, including account issuance, facilitating both domestic and cross-border money transfers, merchant acquisition, and providing e-money issuance services—all of which are essential for supporting the dynamic and rapidly growing gaming industry.

“Securing this in-principle approval from MAS is a significant milestone for Razer. It reflects our unwavering commitment to upholding the highest compliance standards and advancing our long-term vision of sustainable growth. It firmly positions Razer as a trusted partner in Singapore’s digital economy,” said Adisorn Phonnarut, Global Head of Razer Gold.

“The licensing process has been thorough, and this in-principle approval is a testament to our team’s dedication in establishing a robust compliance framework. We look forward to enhancing our systems and collaborating with MAS, our partners, and the gaming community to foster a secure, reliable payment ecosystem that meets the evolving needs of the industry,” he added.

As Razer Gold continues to innovate and adapt to the evolving needs of the gaming industry, it will continue to deliver faster, safer, and more reliable payment processing for gamers and game developers alike.

As part of Razer, the leading global lifestyle brand for gamers, Razer Gold provides one-stop access to complete coverage of online and offline channels throughout Singapore and emerging markets. It is available in over 50,000 games and entertainment titles, and gamers can use Razer Gold to purchase games and in-game content, including earning Razer Silver and exclusive game deals.

For more information on Razer Gold, please visit https://gold.razer.com