‘buy now pay later’ expands across Asia via new partnership

FOMO Pay, a leading payment solution provider in Asia, announced a partnership with Atome that will expand seamless buy now pay later acceptance across thousands of online and offline retail businesses in Singapore and across Asia. Both companies are headquartered in Singapore.

FOMO Pay is a fintech company licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution (License No. PS20200145). It launched in 2015 and offers a proprietary digital payment processing platform, allowing merchants & financial institutions to accept a full suite in emerging markets like Southeast Asia, Africa, Middle East, Latin America.

FOMO Pay’s partners include NETS Pay, VISA QR, Grab Pay, Razer Pay, SingTel Dash and WeChat Pay. The company is the founding member of Singapore Monetary Authority’s SGQR taskforce to jointly develop a common QR Code standard for Singapore.  With FOMO Pay, merchants allow their customers to easily pay via a range of digital, cashless payment options conveniently and securely. Key clients include Singapore Press Holdings, Marina Bay Sands, StarHub, Changi Airport, Resorts World Sentosa, Singapore Airlines JUMBO group and 6IXTY8IGHT

Atome is part of Advance Intelligence Group, a Series-C AI-driven technology company and launched in December 2019. It partners over 3,000 online and offline retailers in nine markets (Singapore, Indonesia, Malaysia, Hong Kong, Thailand, Philippines, Taiwan, Vietnam and mainland China). Key merchant partners and e-commerce platforms include Sephora, Agoda, Aldo, Zara, Marks & Spencer, Charles & Keith, Yoho, JD.ID and Sendo in verticals such as beauty, fashion, electronics, home decor and lifestyle services.

Zack Yang, COO and Co-founder of FOMO Pay, said: “While more consumers get used to paying through mobile and digital payment methods, FOMO Pay supports our merchants with easy, one-stop payment solutions that empower safe and secure payment collection services. This strategic partnership with Atome will allow merchant partners of all sizes to easily offer buy now pay later to their end consumers, one of the fastest growing payment methods globally, across both offline and online checkout experiences.”

Trasy Lou Walsh, General Manager for Atome Singapore and Malaysia, said: “We’re excited to partner with FOMO Pay to enable buy now pay later acceptance across thousands of online and offline checkouts in this region. Consumers today expect convenience, transparency and flexibility in their payment experience. This partnership will support businesses in enabling a fast, safe and seamless checkout experience that will accelerate business growth and sales.”