Atome enters partnership with FOMO Pay to expand BNPL service
By Leandra Monteiro
FOMO Pay, a payment solution provider in Asia, recently announced a partnership with Atome that is aimed at expanding Buy Now Pay Later acceptance across numerous online and offline retail businesses in Singapore and across Asia.
Singapore-based FOMO Pay is a payment solution for merchants that serves a wide range of industries from retail, telecom, tourism and hospitality, F&B, education and publishing sectors. Key clients include Singapore Press Holdings, Marina Bay Sands, StarHub, Changi Airport, Resorts World Sentosa, Singapore Airlines JUMBO group and 6IXTY8IGHT. With FOMO Pay, merchants allow customers to easily pay via a range of digital, cashless payment options conveniently, smoothly and securely.
Zack Yang, COO and Co-founder of FOMO Pay said, “While more consumers get used to paying through mobile and digital payment methods, FOMO Pay supports our merchants with easy, one-stop payment solutions that empower safe and secure payment collection services. This strategic partnership with Atome will allow merchant partners of all sizes to easily offer buy now pay later to their end consumers, one of the fastest growing payment methods globally, across both offline and online checkout experiences. Together with other payment methods powered by FOMO Pay, merchants would increase profit by meeting different payment needs of a wider range of customers.”
Since its launch in 2019, Atome, a “buy now pay later” technology company based out of Singapore, has grown to become a well known buy now pay later platform in Asia. Atome claims to partner over 3,000 online and offline retailers in nine markets spanning Singapore, Indonesia, Malaysia, Hong Kong, Thailand, Philippines, Taiwan, Vietnam and mainland China. Key merchant partners and e-commerce platforms include Sephora, Agoda, Aldo, Zara, Marks & Spencer, Charles & Keith, Yoho, JD.ID and Sendo in verticals such as beauty, fashion, electronics, home decor and lifestyle services.
Trasy Lou Walsh, General Manager for Atome Singapore and Malaysia said, “We’re excited to partner with FOMO Pay to enable buy now pay later acceptance across thousands of online and offline checkouts in this region. Consumers today expect convenience, transparency and flexibility in their payment experience. This partnership will support businesses in enabling a fast, safe and seamless checkout experience that will accelerate business growth and sales.”
IBSi Daily News Analysis
May 26, 2023
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