Singapore, 24 Aug, 2022 - Shoplazza has partnered with Atome, the leading Buy Now, Pay Later (BNPL) provider in Asia, to bring a new payment solution for its 360,000+ merchants to provide consumers from Asia with the option to pay in installments.
With BNPL, consumers only need to settle the first installment for their favorite products and pay the balance installments to the payment provider in the following months. Affected by the pandemic, consumers in Southeast Asia have become more budget-conscious when making a purchase, and the younger generation especially tends to prefer merchants that offer interest-free installments. According to data released by Google, search queries on BNPL by Southeast Asian consumers soared 16 times in 2021.
Atome, the leading "Pay Now, Pay Later" solution provider based in Southeast Asia, currently operates in 10 markets including Singapore, Indonesia, Malaysia, Vietnam, the Philippines, Thailand, Japan, and Greater China. With Atome's BNPL solution, Shoplazza's merchants can tackle any payment problems while tapping into more potential high-payers. Moreover, merchants will be able to see an increase in the transaction per customer and repurchase rate while providing consumers with a diversified, efficient, and friendly payment experience.
Currently, Atome serves more than 30 million users in Asia. With the high-quality user base of its APP and the big data technology of Advance AI (its sister product), Atome drives traffic and increases the sales conversion rate and GMV for brands through BNPL and product syndication. Throughout this process, Atome can fully advance the payment to the merchant and bear any risk of consumer repayment. For merchants, this model can help boost sales and increase transaction volume and repurchase rate effectively. With BNPL, consumers can receive goods or services by paying only a tiny amount of money in advance.
Atome is officially launched in Shoplazza's App market. Merchants can enjoy the BNPL solution brought by Atome after authorizing the login in Shoplazza's backend. In the future, Shoplazza will further adhere to Open to More and have more partners onboard in our ecosystem to provide diversified services to global merchants and reach a win-win.
Shoplazza is an award-winning shopping-cart eCommerce technology company that provides diverse solutions by removing technological barriers and making online selling easier than ever. With Shoplazza, anyone can build, manage and scale an online store.