We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Visa (V) Coordinates With Razer to Fortify Fintech Channels
Read MoreHide Full Article
Visa Inc. (V - Free Report) and Razer recently announced a first-of-its-kind collaboration that is expected to change the payment modes in the gaming industry. This tie-up will gain traction from Visa’s widespread scale and the reach of its international network.
The combination of Razer’s financial technology unit Razer Fintech and Visa’s fintech fast-track program, which is made to ensure that fintechs get seamless access to the global Visa Payments network, is expected to transform the payment procedure. It will also bring a financial inclusion to Southeast Asia’s unbanked and underserved crowd.
Razer with a farsighted outlook toward digital payment solutions, is the perfect partner for this venture of Visa. By dint of this deal, Visa would also remain committed to the fast-growing and digitally advanced Southeast Asia region. This integration would allow users to make transactions at 54 million merchant spots in Visa’s international network.
The companies focus on the launch of a unique Razer-branded Visa prepaid payment option integrated into Razer Pay through a mini-app, which will strengthen Razer Pay as one of the best e-wallet platforms in Southeast Asia. This partner card service will provide users with similar and smooth top-up plus cash-out methods available on Razer Pay with better privacy and security facility.
Both companies aim at introducing these solutions in certain countries across the Southeast Asia belt in the upcoming months.
Visa has made concerted efforts to accelerate the pace of transformation in digital payments by making application programming interfaces (APIs) available in a bid to increase access to its network, products and services, offering innovation opportunities at its global innovation network locations and building partnerships with new players, such as financial technology companies, commonly known as fintechs.It has collaborated with a few companies, namely Ingo Money and LINE Pay Corporation to boost its fintech channels and has also unveiled programs that would help it expand in this business.
Shares of this Zacks Rank #2 (Buy) company have surged around 32.4% in a year's time, outperforming its industry's growth of 23.4%.
Cardtronics offers automated consumer financial services through its network of automated teller machines and multi-purpose financial services kiosks. The company pulled off average four-quarter positive surprise of 43.8% and sports a Zacks Rank #1 (Strong Buy).
PayPal works as a technology platform and digital payments company. It delivered average four-quarter positive surprise of 7.6% and carries a Zacks Rank of 2.
Global Payments offers payment technology and software solutions and came up with average four-quarter beat of 3.1%. The company is a Zacks #2 Ranked player.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Visa (V) Coordinates With Razer to Fortify Fintech Channels
Visa Inc. (V - Free Report) and Razer recently announced a first-of-its-kind collaboration that is expected to change the payment modes in the gaming industry. This tie-up will gain traction from Visa’s widespread scale and the reach of its international network.
The combination of Razer’s financial technology unit Razer Fintech and Visa’s fintech fast-track program, which is made to ensure that fintechs get seamless access to the global Visa Payments network, is expected to transform the payment procedure. It will also bring a financial inclusion to Southeast Asia’s unbanked and underserved crowd.
Razer with a farsighted outlook toward digital payment solutions, is the perfect partner for this venture of Visa. By dint of this deal, Visa would also remain committed to the fast-growing and digitally advanced Southeast Asia region. This integration would allow users to make transactions at 54 million merchant spots in Visa’s international network.
The companies focus on the launch of a unique Razer-branded Visa prepaid payment option integrated into Razer Pay through a mini-app, which will strengthen Razer Pay as one of the best e-wallet platforms in Southeast Asia. This partner card service will provide users with similar and smooth top-up plus cash-out methods available on Razer Pay with better privacy and security facility.
Both companies aim at introducing these solutions in certain countries across the Southeast Asia belt in the upcoming months.
Visa has made concerted efforts to accelerate the pace of transformation in digital payments by making application programming interfaces (APIs) available in a bid to increase access to its network, products and services, offering innovation opportunities at its global innovation network locations and building partnerships with new players, such as financial technology companies, commonly known as fintechs.It has collaborated with a few companies, namely Ingo Money and LINE Pay Corporation to boost its fintech channels and has also unveiled programs that would help it expand in this business.
Shares of this Zacks Rank #2 (Buy) company have surged around 32.4% in a year's time, outperforming its industry's growth of 23.4%.
Other Stocks to Consider
Investors interested in the same space may also take a look at some other top-ranked stocks like Cardtronics PLC , PayPal Holdings, Inc. (PYPL - Free Report) and Global Payments Inc. (GPN - Free Report) . You can see the complete list of today’s Zacks #1 Rank stocks here.
Cardtronics offers automated consumer financial services through its network of automated teller machines and multi-purpose financial services kiosks. The company pulled off average four-quarter positive surprise of 43.8% and sports a Zacks Rank #1 (Strong Buy).
PayPal works as a technology platform and digital payments company. It delivered average four-quarter positive surprise of 7.6% and carries a Zacks Rank of 2.
Global Payments offers payment technology and software solutions and came up with average four-quarter beat of 3.1%. The company is a Zacks #2 Ranked player.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>