Razer Pay was launched first in Malaysia in July 2018 and then Singapore in March 2019.The high-cost battle to capture Southeast Asia's growing e-wallet market has claimed a major casualty, with Singaporean startup Razer announcing it will shut down a business that had over 1 million users.All Razer Card beta users will not be able to use the card and payment functionalities from 31 August 2021.Additionally, Razer Pay beta will end on 30 September 2021, after which, all wallet top-up, payment and transfer features will no longer be made available. The Razer Pay app will also be inaccessible from 1 October 2021.According to Lee Li Meng, Chief strategy officer of Razer Fintech, “The Razer Pay e-wallet app was conceived as a testbed for Razer Fintech to better understand the e-wallet and sche