Standard Chartered and Atome partner to expand financial access in Singapore
By Leandra Monteiro
As part of its overall strategy to grow the mass retail segment and increase mobile-first financial inclusivity, Standard Chartered Singapore forges a strategic partnership with Atome in Singapore.
This is one of the first Lender of Record partnerships in Singapore, where retail bank partners with a buy now, pay later (BNPL) provider to co-create and offer a wide suite of mobile-first consumer payment solutions and financial services.
Jessie Li, Managing Director and Head of Consumer, Private and Business Banking at Standard Chartered Bank Singapore said, “We are excited to partner Atome in delivering a wider suite of payment solutions to consumers in Singapore, and to play an active role in growing the digital consumer finance ecosystem. This partnership model is key to not only help us scale but also in how we can add value to our clients’ digital lives. By providing practical solutions through greater flexibility in payment options and a broader range of benefits and privileges, we can offer a wider reach of consumers the choice of payment solutions that best complements their everyday digital activities.”
This is part of the 10-year multi-product regional strategic partnership between Atome Financial and Standard Chartered Bank. This partnership enables Atome to grow and promote financial inclusion for its customers across the region while enhancing the Bank’s access to retail customers. The strategic partnership will also be launched in Malaysia, after the successful rollout in Singapore and in Indonesia.
Bryan Quek, General Manager at Atome Singapore said, “This partnership deepens our collaboration with Standard Chartered here in Singapore. Providing Atome’s flexible deferred payments at checkout has been proven to drive engagement, transaction growth and repeat use while delivering high value customers to our merchants. Now, having such a trusted financing partner gives added security and confidence to both our consumers and merchant partners. It will also accelerate Atome’s user growth and merchant business expansion, both locally and regionally, as we collaborate on other digital-first consumer financing products.”
As part of this partnership launch, two promotions are available for Atome users in Singapore. New Standard Chartered credit card holders will receive S$250 (in Atome+ points) upon successful card activation and can register to join the 1 million KrisFlyer Miles Giveaway.
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