StanChart and Atome Form First-Of-Its-Kind Lender of Record Partnership

StanChart and Atome Form First-Of-Its-Kind Lender of Record Partnership

by July 5, 2023

Standard Chartered announced that it has formed the first-of-its-kind Lender of Record partnership in Singapore with buy now, pay later (BNPL) firm Atome to co-create and offer a wide suite of mobile-first consumer payment solutions and financial services.

This is part of the 10-year multi-product regional strategic partnership between Atome and Standard Chartered who had provided US$500 million in financing to the BNPL firm in October 2021.

Atome currently has thousands of merchant partners on its platform, across online and offline retailers in fashion, beauty, lifestyle, fitness and homeware. Meanwhile, Standard Chartered has had a presence in Singapore for more than 160 years, offering an entire range of financial services across personal, priority and private banking.

As such, more than 100,000 BNPL transactions have been booked under this Lender of Record partnership since April this year.

The bank said that it is on track to exceed its target customer growth from its unsecured loans business by the end of this year as part of its goal to double its overall retail base.

Additionally, this partnership also enables Atome to grow and promote financial inclusion for its millions of customers across the region.

The partnership will also be launched in Malaysia, after the successful roll out in Singapore and in Indonesia.

Jessie Li

Jessie Li

Jessie Li, Managing Director and Head of Consumer, Private and Business Banking at Standard Chartered Bank Singapore, said,

“We are excited to partner Atome in delivering a wider suite of payment solutions to consumers in Singapore, and to play an active role in growing the digital consumer finance ecosystem. This partnership model is key to not only help us scale but also in how we can add value to our clients’ digital lives.


By providing practical solutions through greater flexibility in payment options and a broader range of benefits and privileges, we can offer a wider reach of consumers the choice of payment solutions that best complements their everyday digital activities.”

Bryan Quek

Bryan Quek

Bryan Quek, General Manager at Atome Singapore said,

“Providing Atome’s flexible deferred payments at checkout has been proven to drive engagement, transaction growth and repeat use while delivering high value customers to our merchants. Now, having such a trusted financing partner gives added security and confidence to both our consumers and merchant partners.


It will also accelerate Atome’s user growth and merchant business expansion, both locally and regionally, as we collaborate on other digital-first consumer financing products.”