Ann: IOU Provides Mid December Quarterly Update on BNPL Business, page-251

You would think Razer would be among the applicants, they almost explicitly declared it prior to them missing out on their SG application and reinforced this position with the withdrawal of their E-wallet and increased focus on B2B.

"Right from the beginning, we have always had the ambition to take Razer Youth Bank global, given
Razer’s massive brand affinity with an intensely loyal fan base of over 100 million globally, while
collaborating closely with our partners and best-in-class category leaders, as evidenced in our recent
announcements with Franklin Templeton and Visa on wealth management services and providing
prepaid card solutions respectively to our target segment of youth and millennials.
We intend to roll out Razer Youth Bank where Razer and Razer Fintech have already established a
strong user base and local business presence, be it in regional countries such as Malaysia and the
Philippines where digital banking application processes are expected to kickstart in the near term or
other regions, such as Europe, Middle East or Latin America where regulators are similarly supportive
of innovation in the banking sector to better serve the unbanked and underserved segments of the
economy.
Furthermore, we intend to leverage on Razer Fintech’s existing operations in Malaysia and The
Philippines. According to the e-Conomy SEA report, more than a third of consumers are new to digital
services in Malaysia (36 per cent) and The Philippines (37 per cent). This presents a huge market
opportunity for us to be the first providers in the area of fintech and digital financial services for them."