Atome partners with TikTok Shop to enhance checkout experience in Malaysia

By Gloria Mathias

Atome, a Singapore-based digital consumer financing platform, has joined forces with TikTok Shop to revolutionize the e-commerce landscape in Malaysia.

This strategic partnership enables businesses of all sizes, particularly young entrepreneurs and SMEs, to harness the potential of online shopping and foster economic growth in the country.

The platform’s seamless “buy now, pay later” service offers consumers the flexibility to make purchases and spread deferred payments over three or six months. With Atome Live as a payment option on TikTok Shop in Malaysia, consumers can enjoy an enhanced online shopping and checkout experience.

William Yang, Head of Commercial, Atome said, “This partnership between TikTok Shop and Atome signifies a milestone in the e-commerce landscape in Malaysia, heralding a new era of convenience, accessibility, and growth for businesses and consumers alike. By integrating Atome as a payment option on TikTok Shop, we’re excited to help drive ecommerce growth and support brands of all sizes, but especially SMEs and young entrepreneurs in Malaysia while also providing consumers with the choice, convenience and flexibility of how they want to shop and pay.”

Jonathan Low, E-commerce Lead of Strategy and Special Projects, TikTok Shop said, “TikTok Shop is about elevating the shopping experience for consumers and providing brands and small businesses with opportunities to drive growth – all of which is done by bringing together content and commerce. Through this partnership with Atome, TikTok Shop enables merchants and small businesses to offer their customers a convenient and flexible payment option.”

With TikTok Shop’s social commerce features and Atome’s convenient payment solution, entrepreneurs can leverage the power of e-commerce to expand their reach and drive sales growth.

Atome recently announced the Lender of Record partnership with Standard Chartered Bank in Singapore, which has resulted in over 100,000 transactions booked since April. This partnership, which is part of a 10-year multi-product strategic collaboration with the Bank, enables Atome to grow and promote financial inclusion for its millions of customers across the region while enhancing the Bank’s access to retail customers.