Gaming firm Razer exploring bank license applications in Europe and the U.S.

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Tan Min Liang, the co-founder, CEO and executive director of Razer, at a press conference on the proposed listing of Razer at JW Marriott Hotel Hong Kong in Admiralty.Dickson Lee | South China Morning Post | Getty ImagesAfter applying to become a regulated bank in Singapore, gaming hardware firm Razer is now considering similar moves in Europe and the U.S. “Singapore is not the only jurisdiction we’re looking at,” Razer’s co-founder and CEO, Min-Liang Tan, told CNBC in an interview this week. “We’re also exploring in Europe; exploring in the U.S.”While it might seem unexpected for a company that specializes in gaming peripherals to show an interest in financial services, Tan believes the move makes sense. Razer, a well-known brand in the competitive esports scene, has been pushing deeper into financial technology with its own virtual credits for gamers and a digital payments division.The Irvine, California and Singapore-based company currently owns 60% of a consortium called Razer Youth Bank, which submitted an application for a virtual bank license in Singapore at the start of this year. Other applicants to the scheme included Jack Ma-owned fintech giant Ant Group, ride-hailing firm Grab and telecommunications group Singtel.Tan says that, …

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