Singapore:
Leading international fintech platform Airwallex at the moment introduced a Buy Now Pay Later (BNPL) performance in partnership with Atome, Asia’s main BNPL model. Announced at this 12 months’s Singapore Fintech Festival, the collaboration will allow Airwallex merchants1 to provide BNPL as a payment option to buyers throughout Hong Kong, Indonesia, Malaysia and Singapore.
The partnership is Airwallex’s first tie-up with a BNPL supplier, giving merchants a possibility to improve their revenues whereas permitting them to diversify their payment choices through versatile deferred payment choices. In addition to BNPL, Airwallex additionally provides its merchants multi-currency card-based payment options with Visa, Mastercard and UnionPay, in addition to over 20+ native payment strategies throughout Hong Kong, Indonesia, Malaysia and Singapore.
“We are pleased to be partnering with Atome as we continue to find ways to better support businesses across Southeast Asia and Hong Kong,” stated Arnold Chan, General Manager, Southeast Asia and Hong Kong, Airwallex. “We want to give businesses access to all the benefits of BNPL, which will not only help them increase revenues, but also create a more seamless customer experience for the longer term that will enable them to unlock new market opportunities.”
“BNPL is becoming an increasingly popular payment choice among shoppers today, particularly among the fast-growing Gen Z and millennial customer segment. With this partnership, millions of customers across the region can now shop and pay through flexible deferred payments at Airwallex merchants. This will help Airwallex merchants grow conversion rates and basket sizes, while increasing customer payment choice and flexibility,” stated Jeremy Wong, Head of Strategic Partnerships, Atome.
Airwallex will develop its collaboration with Atome and shortly allow its merchants1 to provide BNPL as a payment option to buyers in Japan, the Philippines, and Thailand. This partnership follows Airwallex’s official launch in Singapore earlier in January and subsequent roll out of key choices in its international funds suite. The firm additionally raised US$100 million in its latest Series E2 fundraising spherical, and can proceed to scale its attain and product providing globally.
About Airwallex
Airwallex is the main monetary know-how platform for contemporary companies rising past borders. With one of many world’s strongest funds and banking infrastructure, our know-how empowers companies of all sizes to accept funds, transfer cash globally, and simplify their monetary operations, multi functional single platform. Established in 2015 in Melbourne, our goal is to join entrepreneurs, business builders, makers and creators with alternatives in each nook of the world. Today, Airwallex has a worldwide footprint throughout Asia-Pacific, Europe, and North America. Find out extra at www.airwallex.com.
About Atome
Atome is a number one purchase now pay later platform in Asia, partnering on-line and offline retailers to improve conversions and develop common orders and buyer segments. It at the moment companions over 15,000 on-line and offline retailers in 10 markets (Singapore, Indonesia, Malaysia, Hong Kong, Taiwan China, Vietnam, Philippines, Thailand, the Chinese mainland, and Japan). Key service provider companions embrace Sephora, Agoda, ZALORA, SHEIN, Zara, Marks & Spencer, Charles & Keith, Aldo and Pandora. For customers, Atome provides selection, comfort and suppleness in how they select to store and pay. Atome is a part of Advance Intelligence Group, one of many largest unbiased know-how startups based mostly in Singapore. Founded in 2016, the Group has presence throughout South and Southeast Asia, Latin America and Greater China. The Group is backed by prime tier buyers SoftBank Vision Fund 2, Warburg Pincus, Northstar, Vision Plus Capital, Gaorong Capital, Pavilion Capital, GSR Ventures and EDBI.
1 Australia, Europe, Hong Kong, Singapore, and United Kingdom
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