AUB partners with Atome to deploy the BNPL credit card


ASIA UNITED Bank (AUB) has partnered with Atome to launch Atome Card in the Philippines.

The credit card has no income requirements. Consumers can register their interest in getting an Atom card through the latest version of the Atom app or the Atom website. Selected consumers will receive an email inviting them to apply for the card.

There are no annual fees, registration fees or other fees for the card. The virtual or physical card can be used at any in-store or online retailer that accepts Mastercard. It allows users to buy now and pay up to 45 days later with a credit limit of $3,516. Customers can view and manage their payment schedule through the Atome app.

AUB officials explained that this three-way partnership and innovation between a digital-focused financial services provider like AUB, a BNPL provider like Atom, and a fintech like MatchMove will help further accelerate the financial inclusion of the unbanked and underbanked in the Philippines.

In a statement, MatchMove representatives said the launch of the Atom card is aligned with their goal of providing secure and seamless spending, sending and lending solutions. The Philippines has a growing population of digital users and the card not only reaches the underbanked sector but also augments them by giving them the luxury of time, choice and control over their finances.

The BNPL landscape in the Philippines

Quoting BNPL Q4 2021 investigation from Research and Markets.com, AUB said BNPL payment in the country is expected to grow 109.7% year-over-year to reach USD 794.2 million in 2022, as demand for payment solutions flexible and practical continues to increase.

Atom was launched in the Philippines in October 2021, with over 600 online and offline retail partners. In the region, it is also affiliated with more than 15,000 online and offline retailers in nine other markets, namely: Singapore, Indonesia, Malaysia, Hong Kong, Taiwan, Vietnam, Thailand, China and Japan.

Meanwhile, MatchMove is authorized by the Monetary Authority of Singapore and is authorized by card networks to issue virtual and physical cards worldwide with partner banks. The company has offices in India, Indonesia, Vietnam, Hong Kong, Malaysia and the Philippines.

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