PayMongo Ties up With Atome to Offer BNPL Acceptance to Filipino Merchantsby Fintech News Philippines July 26, 2022
Philippines’ online payment processing startup PayMongo has partnered with Atome Philippines to expand Buy Now, Pay Later (BNPL) acceptance among merchants in the country.
In February this year, PayMongo had secured US$31 million in a Series B funding round to make its push into the BNPL space.
This partnership enables PayMongo’s 10,000+ merchant network in the Philippines to offer their customers flexible deferred payment options, with no additional annual or service fees as an alternative checkout payment option.
PayMongo offers a quick and fully-online onboarding process and seamless API integration with retail websites or apps, which allow them to accept digital payments such as credit and debit cards, online banking, e-wallets, and now BNPL, during checkout.
Atome launched in the Philippines in October 2021 and has grown to partner 500+ online and offline retailers.
Miel Pahati, Head of Partnerships at PayMongo said,
“Our partnership with Atome enables our merchants to offer a seamless and flexible payment checkout experience.
With the growing trend towards digital payments and the appeal of zero-interest payment options, especially among digital-native customers, we’re confident this partnership will help our merchants grow sales and delight both new and returning customers,”
Jeremy Wong, Head of Strategic Partnerships at Atome said,
“ Our partnership with PayMongo in the Philippines will accelerate the acceptance of flexible deferred payment options, and will support thousands of merchants in enabling a superior, secure checkout experience for consumers, in-store and online.
This, in turn, will optimise customer conversion, increase average orders and repeat sales.”
Featured image: (From left to right) Jaime Hing III, Chief Technology Officer; Francis Plaza, Chief Executive Officer; Luis Sia, Chief Commercial Officer