Regional payment gateway provider iPay88 announced that it has formed a partnership with buy now, pay later (BNPL) platform Atome.
This enables iPay88 to expand BNPL acceptance across its merchant touchpoints in Malaysia.
The move is timely as BNPL is expected to more than double its market share by 2024 according to the 2021 Global Payments Report by FIS-Worldpay.
As part of the NTT Data corporation, a Japanese system integration company, iPay88 offers ecommerce, online and retail payment solutions to more than 35,000 merchants globally.
Today, the company also has presence in Indonesia, Philippines, Cambodia, Thailand and Singapore and currently engages over 200 professionals across its regional offices.
Lim Kok Hing, Co-Founder and Executive Director of iPay88 said,
“This partnership will enable them to offer a quicker, smoother and seamless payment experience for their shoppers both online and in stores.
With the growing adoption of BNPL in Malaysia, this partnership will support our merchants by helping them to drive better conversions and business growth through BNPL payment acceptance.”
David Chen, CEO of Atome said,
“This partnership will enable more merchants in Malaysia to offer Atome’s BNPL payment option across their payment touch points, giving consumers greater flexibility and choice in how they want to pay.
This partnership will also help support and drive recovery in retail sales as Malaysia emerges from the Covid-19 pandemic.”
Featured image: Edited from Unsplash
