Payments company Airwallex partnered with buy now pay later (BNPL) provider Atome to enable its merchants in Singapore, Hong Kong, Indonesia, and Malaysia to offer BNPL as a payment option.
The partnership, which was announced at the Singapore Fintech Festival, follows Airwallex’s official launch in Singapore earlier in January and is the company’s first tie-up with a BNPL provider.
Airwallex says that it plans to expand its collaboration with Atome to enable its merchants in Japan, Thailand and the Philippines to offer BNPL as a payment option to shoppers.
In addition to BNPL, Airwallex also offers its merchants multi-currency card-based payment solutions with Visa, Mastercard and UnionPay, as well as over 20 local payment methods.
The company also recently raised an additional US$100 million in its recent Series E2 fundraising round, bringing its total funds raised to more than US$900 million.
Airwallex said that it will continue to scale its reach and product offering globally.
“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,”
said Arnold Chan, General Manager, Southeast Asia and Hong Kong, Airwallex.
“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,”
said Jeremy Wong, Head of Strategic Partnerships, Atome.
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