Atome, buy now pay later brand in Asia, announced its entry into the Philippines, partnering with over 50 online and offline retailers across key shopping categories such as fashion, beauty, lifestyle, and home and living.
Shoppers in the Philippines can now shop and pay using Atome at its merchant partners by either scanning a QR code at their physical store or selecting Atome as a payment checkout option on their website or mobile app.
Compared to similar services in the market, Atome does not charge interest and additional annual or service fees to consumers. Paying with Atome allows shoppers to purchase the products and services they want, and split their bill into three, zero-interest deferred payments over time.
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Setting up an account takes three to five minutes and is completed entirely on Atome’s mobile app. Users will only have to link an active debit or credit card during the account set-up. The minimum order to pay with Atome is P300. As part of Atome’s launch in the Philippines, new users who download Atome’s mobile app will receive a P200 welcome voucher that can be used for their first purchase with a minimum spending amount of P500.
“We’re encouraged by the very strong demand by retail brands to partner with us during this initial soft launch phase,” said Sheila Sta. Ines, head of Business Development, Atome Philippines. “The retail sector in the Philippines is being severely challenged by the COVID-19 pandemic. Our success in other Southeast Asian markets has shown that average sales and order value can improve by up to 30% and that younger, digital-savvy customers really look forward to this flexible, zero-interest payment option when shopping at their favorite retailers.”
“For Filipino consumers, it will be a completely new payment and shopping experience, one that is very easy to use and understand, and more importantly, one that is free of interest charges or service fees. Filipino consumers will also now have access to a smarter, better and more transparent way to shop and pay with Atome.”
Launched in Singapore in December 2019, Atome has grown to become one of Asia’s leading buy now pay later platform, partnering with over 5,000 online and offline retailers in nine markets (China, Hong Kong, Indonesia, Malaysia, Singapore, Philippines, Taiwan, Thailand, and Vietnam.