Temu partners Atome for flexible payment checkout in Malaysia

By Gloria Methri

Global eCommerce platform Temu has chosen Atome, Southeast Asia’s digital financial services platform, to offer flexible payment methods to its customers during checkout.

Malaysian customers can now avail of interest-free instalment payment options when shopping for a wide range of products on Temu’s platform. New Atome users will also benefit from exclusive discount vouchers with their first purchase with Temu.

Online shopping continues to surge in Malaysia, due to rapid digital adoption and changing consumer shopping habits. According to Ipsos Malaysia’s 2024 eCommerce landscape report, nearly 1 in 2 Malaysians shopped online in 2024, with the growth especially significant among 18-24- and 35–44-year-olds. Fashion, accessories, electronics and homecare products were among the most popular categories.

The rapid shift in consumer preferences is establishing Malaysia as a leading regional eCommerce hub. The Department of Statistics Malaysia (DOSM) reports that the Information and Communication Technology (ICT) and eCommerce sectors contributed MYR 427.7 billion to the national economy in 2023, growing 3.9% from the year before.

Andy Tan, Chief Commercial Officer, Atome Financial, said, “We are incredibly excited by this partnership. Over the past 18 months, Temu has become one of the most popular ecommerce platforms in Malaysia. Integrating Atome as a payment checkout option will provide millions of Temu customers in Malaysia with the choice, convenience and flexibility of how they want to shop and pay, significantly enhancing the consumer shopping experience.”

The Atome platform has evolved from a buy now pay later and embedded financing platform into a comprehensive provider of digital financial services that includes insurance, cards and lending. Its market position is backed by leading institutional credit investors including Standard Chartered, HSBC, DBS Bank, BlackRock Private Credit and others.

Atome is part of Singapore-headquartered Advance Intelligence Group, which is backed by top-tier investors SoftBank Vision Fund 2, Warburg Pincus, Northstar, and Singapore-based global investor EDBI.