BNPL Firm Atome Records 100X Order Volume Growth in Malaysia
Singapore-based buy now pay later (BNPL) platform Atome announced that its order volume in Malaysia has grown by 100X in the first half of the year.
The company also added that its online and offline merchant network has grown to serve more than 500 retailers now, a 500% increase from when it first launched in Malaysia at the end of 2020.
They said that the rapid growth of the company comes against the backdrop of the Covid-19 pandemic and the extension of the movement control order (MCO) which has seen local retailers struggle.
For retailers, especially SMEs, Atome said that its service helps improve their cash flow and online sales growth and also increases their average ticket order size.
The firm reported that retailers have experienced an average 17% increase in ticket order size since adding Atome as a payment checkout option.