Gaming group Razer moves into mobile payments

Global gaming group Razer has launched a mobile wallet in Malaysia targeted at millennials. The Razer Pay wallet, developed in conjunction with Malaysian congolomerate Berjaya Corporation Berhad can be topped up at 7-Eleven stores and via bank transfer from online accounts at AmBank, Bank Islam, CIMB, Hong Leong Bank, Maybank, Public

We’re All Subsidizing People Who Use American Express

The issue: Merchants pay a percentage of each charge to credit card companies. When American Express forms contracts with retailers, the credit card company prohibits retailers from encouraging shoppers to use other cards that charge lower fees. For instance, merchants who accept Amex card payments can't offer shoppers different prices