Razer Merchant Services Partners Atome to Offer Its Merchants BNPL Acceptanceby Fintech News Singapore July 28, 2022
Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has partnered with Singaporean buy now, pay later (BNPL) platform Atome to enable flexible deferred payment acceptance during checkout for its online and offline merchants.
To pay, users first have to download Atome’s app and register an account, before selecting Atome as the checkout payment option.
Starbucks is among the first RMS merchants to use Atome’s flexible payment method through this partnership.
Atome today partners with over 3,000 merchants in the country since entering the market in Q3 2020.
According to Atome, average order value has increased by more than 30% with an estimated 85% rate of return customers while consumers using its BNPL services have contributed over 25% of sales for merchants.
“RMS is very excited for this partnership with Atome, as it will benefit our merchants and their customers by offering the latest and most convenient payment methods across Malaysia.
We look forward to extending this partnership with Atome to reach and penetrate the Southeast Asian market for consumers who do not have access to card scheme instalments.”
said Lee Li Meng, CEO of Razer Fintech.
“Through our strategic partnership with RMS, we hope to continue supporting merchants by offering a flexible, secure, and seamless experience to their customers, to further drive their sales and conversions with flexible deferred payments.
We are also excited for Atome users who can now pay for their purchases and for RMS merchants who can attract and retain customers with Atome’s BNPL,”
said Jeremy Wong, Head of Strategic Partnerships at Atome.