iPay88 partners Atome aimed at boosting BNPL acceptance

• Allows iPay88 to offer flexible payment options for its merchants
• Collaboration to support, drive recovery for retail sales in Malaysia

Payment gateway provider, iPay88, announced that it has formed a partnership with buy now pay later platform Atome.

In a statement, the regional payment gateway provider said the partnership will enable the company to expand buy now pay later (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, it said.

Lim Kok Hing, co-founder and executive director of iPay88, said the company is excited to partner with Atome to expand BNPL acceptance as a flexible payment option for our merchants across their payment touchpoints in Malaysia. 

“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,” said Lim.

Accelerated by the Covid-19 pandemic, consumers today expect a flexible, secure and transparent payment experience, said David Chen, chief executive officer of Atome. 

“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,” said Chen.

It will also help support and drive recovery in retail sales as Malaysia emerges from the Covid-19 pandemic, he added.

Launched in 2000 and headquartered in Malaysia, iPay88 is part of the NTT Data corporation, a Japanese system integration company. It 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.