Standard Chartered Singapore has blazoned an innovative cooperation with Atome, marking the first- of- its-kind ‘ lender of record cooperation ’ in the country.
The collaboration between the retail bank and the steal now, pay latterly( BNPL) provider aims to offer a wide range of mobile-first consumer payment results and fiscal services, contributing to the bank’s strategy to expand its mass retail member and enhance fiscal inclusivity.
Atome, with its network of trafficker mates gauging colorful sectors including fashion, beauty, life, fitness, and homeware, willco-create and deliver these mobile-first results. Standard Chartered, using its 160 times of banking moxie, provides comprehensive fiscal services across particular, precedence, and private banking to feed to the different requirements of its guests in Singapore.
Since the cooperation began in April, further than 100,000 BNPL deals have been reused. Standard Chartered is on track to surpass its target for client growth in the relaxed loans business by the end of this time, aligning with its overall ideal to double its retail base.
This strategic cooperation forms part of a 10- timemulti-product indigenous collaboration between Atome and Standard Chartered Bank. It enables the BNPL provider to promote fiscal addition among millions of guests across the region while expanding the bank’s access to retail guests. After the successful launch in Singapore, the cooperation plans to expand its presence to Malaysia and Indonesia.
“ Agitated to mate ”
Jessie Li, managing director and head of consumer, private and business banking at Standard Chartered Bank Singapore, said “ This cooperation model is crucial to not only help us scale but also in how we can add value to our guests ’ digital lives. By furnishing practical results through lesser inflexibility in payment optionsand a broader range of benefits and boons, we can offer a wider reach of consumers the choice of payment results that stylish complements their everyday digital conditioning. ”
Meanwhile, Bryan Quek, general director at Atome Singapore, reflected “ This cooperation deepens our collaboration with Standard Chartered then in Singapore. furnishing Atome’s flexible remitted payments at checkout has been proven to drive engagement, sale growth and reprise use while delivering high value guests to our merchandisers.
“ Now, having such a trusted backing mate gives added security and confidence to both our consumers and trafficker mates. It’ll also accelerate Atome’s stoner growth and trafficker business expansion, both locally and regionally, as we unite on other digital-first consumer backing products. ”
To celebrate the cooperation’s launch, Atome druggies in Singapore can take advantage of two exclusive elevations. New Standard Chartered credit card holders will admitS$ 250( in Atome points) upon successful card activation and have the occasion to join the one million KrisFlyer Miles Giveaway, earning chances with every spend. Cardholders of the Standard Chartered Journey Credit Card, the bank’s new mass- rich long hauls credit card, will earn fresh perk chances for the comp.