First there was the Apple Card, now there’s the Razer Card.
Gaming company Razer just unveiled the Razer Card, a prepaid credit card it created with Visa that will be available in beta in Singapore. Razer previously announced its ambitions to build a prepaid card in partnership with the payments giant last year, but unveiled the card and beta program on October 5.
Similar to the Apple Card, the Razer Card is a virtual card that can be accessed via the company’s Razer Pay service. There’s also an option to upgrade to a premium physical card, which the company says can light up when making a chip or contactless payment. Razer’s physical cards are numberless, the company says, another characteristic is shares with the Apple Card.
The company hasn’t explicitly said whether it will charge users for the light-up card. But it does refer to the virtual and standard cards as complementary, saying the users can upgrade to the premium card — implying that there may be a fee to do so.
COVID-19 has changed the way consumers pay.
The Strawhecker Group (TSG) and Visa Consulting & Analytics (VCA) teamed up to survey a representative sample of U.S. consumers, and analyzed Visa’s proprietary spend data, with the goal of understanding how the COVID-19 pandemic has impacted consumer lifestyles, payments trends, and how behaviors may change after the pandemic.